Power Finance Corporation Ltd News

PFC, REC shares rally up to 6% on RBI relief for project financiers

Shares of PFC and IRFC rallied after the RBI lowered provisioning to 1 per cent during construction and exempted existing projects from higher requirements

PFC withdraws zero-coupon bonds issuance due to weak investor demand

PFC shelves bond issue for the second time in weeks as investors demand higher yields, citing losses on REC's earlier ZCB issue and shifting bond market dynamics

PFC Q4 results: Profit rises 11% to ₹8,358 crore on interest income gains

PFC posts 11 per cent YoY profit rise in Q4 FY25; interest income and loan growth drive earnings; asset quality improves and renewable book rises 35 per cent

PFC Q4 results: PAT rises 11% to Rs 8,358 crore, dividend at Rs 2.05/share

State-owned Power Finance Corporation on Wednesday posted an 11 per cent rise in its consolidated net profit to Rs 8,357.88 crore for the quarter ended March 31, mainly on the back of higher interest income. The company had posted a net profit of Rs 7,556.43 crore in the corresponding quarter of the previous fiscal, according to a regulatory filing. Total income rose to Rs 29,285.45 crore in the quarter under review, from Rs 24,176.34 crore in the same period a year ago. The interest income in the quarter rose to Rs 28,676.15 crore from Rs 23,891.19 crore in same period a year ago. During FY25, the consolidated net profit rose to Rs 30,514.40 crore from Rs 26,461.18 crore in the previous financial year. Total income in the fiscal year increased to Rs 1,06,598.70 crore, from Rs 91,174.87 crore a year ago. The board recommended a final dividend of Rs 2.05 per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10 each for the FY 2024-2

Mazagaon Dock overtakes Britannia, PFC, Tata Power, BPCL in m-cap ranking

The stock price of state-owned shipbuilding company has bounced back 58 per cent from its previous month low of ₹ 2,207 touched on April 7, 2025.

Power Finance Corporation shelves bond issuance plan amid lacklustre demand

PFC received 59 bids worth ₹5,763.51 crore for the zero-coupon bond, maturing in 2035

PFC takes Gensol Engineering's forgery case to Economic Offences Wing

In an official statement, PFC on Tuesday evening said, under its Anti-Fraud Policy, it is investigating GEL for falsified documents

Maha govt to guarantee PFCL's Rs 10K cr loan for Mumbai infra projects

The Maharashtra Government will stand guarantor for a Rs 10,000 crore loan advanced by the Power Finance Corporation Ltd (PFCL) for infrastructure development projects in the Mumbai Metropolitan Region (MMR), officials said on Wednesday. A Government Resolution (GR) or order issued by the state finance department said the cabinet had approved the loan to be taken on government guarantee for 2024-25. As financial year 2024-25 is over, a fresh guarantee was being given subject to another cabinet approval. If there is a delay in repayment of loan by the Mumbai Metropolitan Region Development Authority (MMRDA), the government is not liable for any penalty, it said. MMRDA will be the principal debtor, and it will apprise the urban development and finance ministry of the repayment situation on a monthly basis. The government has allowed the MMRDA to raise loans of up to Rs 60,000 crore for ongoing and proposed infrastructure development projects in the MMR. So far the government has ...

PFC approves Rs 3.5 K cr loan for Chhattisgarh's East Rail Corridor project

State-owned PFC on Thursday said it has sanctioned Rs 3,517 crore worth of loan to Chhattisgarh East Railway Limited (CERL) for implementing the East Rail Corridor Project in Chhattisgarh. CERL is a joint venture of South Eastern Coalfields Limited (SECL), IRCON, and Chhattisgarh State Industrial Development Corporation Limited (CSIDCL), PFC said in a statement. The loan documents for a term loan amounting to Rs 3,516.68 crore were executed on March 28, 2025, PFC said. The under-construction railway project is being developed primarily for transporting coal from multiple coal mines in the vicinity and connecting them to thermal power plants. Under Ministry of Power, PFC is a nodal agency for development of Integrated Power Development Scheme, Ultra Mega Power Projects and Bid Process Coordinator for Independent Transmission Projects.

PFC board okays Rs 1.4 trn borrowing, Rs 3.5 per share interim dividend

State-owned Power Finance Corporation on Wednesday said its board has approved Rs 1,40,000 crore borrowing plan for 2025-26 and also approved fourth interim dividend of Rs 3.5 per share for 2024-25. The Board of Directors of Power Finance Corporation Ltd. (PFC), in its meeting held on March 12, 2025, approved a total borrowing of Rs 1,40,000 crore for 2025-26, a regulatory filing stated. The board also approved declaration of fourth interim dividend at the rate of Rs 3.50 per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10 each for 2024-25. The board also approved the proposal to change the name of the company from Power Finance Corporation Limited to PFC Limited or any other name as may be approved by the Registrar of Companies (RoC). It also approved the consequential amendment to the Memorandum and Articles of Association of PFC, subject to requisite approvals from shareholders, the Reserve Bank of India (RBI), Stock Exchanges a

PFC inks pact to provide Rs 26,800 crore finance to MP power utilities

State-owned Power Finance Corporation on Thursday said that it has inked an initial pact to provide Rs 26,800 crore finance to power utilities of Madhya Pradesh. This funding will support capital expenditure projects for entities such as Madhya Pradesh Power Generation Company Ltd (MPPGCL), Madhya Pradesh Power Transmission Company Ltd (MPPTCL), and MP discoms (distribution companies), PFC said in a statement. Power Finance Corporation (PFC) has signed a Memorandum of Understanding (MoU) with the government of Madhya Pradesh to extend financial assistance of Rs 26,800 crore to the state's power utilities, the statement said. The financial assistance will be directed towards crucial infrastructure projects, including the development of new supercritical thermal units, solar power plants, renovation and modernisation of hydropower stations, power evacuation networks, smart metering, and loss reduction initiatives under the Revamped Distribution Sector Scheme (RDSS), ensuring energy ..

Death Cross Alert: 5 stocks on the verge of crashing; check details

SBI, ICICI Bank, HDFC AMC among 5 financial stocks that can fall up to 15% as Fin Nifty sees 'Death Cross' on the daily chart for the first time since September 2022.

Dividend, Stock-split: PFC, SBI Cards, 8 others to turn ex-date next week

Here is the complete list of companies whose shares will trade ex-date next week, along with their key corporate announcements as per data available on the BSE

PFC share rises 5% as Q3 profit zooms 23%; Analysts positive on Q4 growth

Motilal Oswal sees decent visibility for loan and earnings growth, as well as continued progress on stressed asset resolutions

Power Finance Q3 results: Profit up 23% at Rs 7,760 cr, dividend declared

Power Finance Corporation Q3 results: The company has declared a third interim dividend of Rs 3.50 per equity share for FY25

PFC signs 120 bn yen loan pact with Japan's JBIC for RE project

State-owned PFC on Thursday said it has inked an agreement with Japan Bank for International Cooperation (JBIC) for 120 billion Japanese yen (around Rs 6,600 crore) loan facility. According to a PFC statement, under the agreement signed on Wednesday, JBIC will provide funding of JPY 72 billion, and the balance will be funded by commercial banks. This long-term (up to 20 years ) loan to PFC will be provided under JBIC's initiative 'Global action for Reconciling Economic growth and Environmental preservation' (GREEN). The funds will be utilized by PFC to finance its renewable energy portfolio, advancing India's transition to non-fossil-fuel-based energy sources. This deal marks the largest green financing agreement ever executed by JBIC with any company in India. The loan agreement was signed by Parminder Chopra, Chairman and Managing Director, PFC and Ogawa Kazunori, Senior Managing Director, JBIC in the presence of Takashi Ariyoshi, Minister & Deputy Chief of Mission, Embassy of .

FIIs build shorts in Nifty in last 2 days; most bearish since May 2024

Cues from derivatives market for December 31: FIIs now hold more than 5 short positions in index futures for every long trade. Among individual stocks, NSE F&O data shows significant short build-up at