Power Finance Corporation

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 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

Indian companies make a beeline to raise funds from debt capital market

According to a dealer at a state-owned bank, some of the AAA-rated issuers who tapped the market today were expecting to raise funds at the levels they normally raise

Power Finance Corp not to sanction $2.4 bn debt to Shapoorji Pallonji Group

The group, controlled by Indian billionaire Shapoor Mistry, had earlier reached out to Power Finance for the loan

PFC Q2 results: Profit up nearly 9% to Rs 7,215 cr on higher revenue

State-owned Power Finance Corporation (PFC) on Friday posted nearly 9 per cent rise in consolidated net profit at Rs 7,214.90 crore for September quarter mainly on the back of higher revenues. The company logged a profit of Rs 6,628.17 crore in the same period of FY24, according to a BSE filing. Total income rose to Rs 25,754.73 crore from Rs 22,387.32 crore a year ago. The company logged 14 per cent rise in consolidated Profit After Tax in April-September FY25, to Rs 14,397 crore from Rs 12,610 crore a year ago. Consolidated net worth (including non-controlling interest) increased by 17 per cent from Rs 1,23,703 crore as on September 30, 2023 to Rs 1,45,158 crore as at September-end this year. There was 13 per per cent growth in consolidated loan asset book, from Rs 9,23,724 crore as on September 30, 2023 to Rs 10,39,472 crore at September-end this year. Owing to concentrated resolution efforts, consolidated Net NPA (bad loans) reached its lowest level at 0.80 per cent in H1 FY2

PFC secures 25.5 bn yen loan from JBIC to finance wind energy project

State-owned Power Finance Corporation (PFC) on Thursday said that it has secured a loan of 25.5 billion Japanese yen (around Rs 147 crore) from Japan Bank for International Cooperation (JBIC) for a wind energy project. This loan is part of JBIC's Global Action for Reconciling Economic Growth and Environmental Preservation (GREEN) initiative, a PFC statement said. According to the statement, PFC has secured a long-term loan of JPY 25.5 billion from the JBIC. In addition to JBIC's contribution, the loan is co-financed by Sumitomo Mitsui Banking Corporation and other Japanese banks. JBIC will also provide a guarantee for the portion of the loan co-financed by these private financial institutions. The loan proceeds will be used to finance 300.3 MW Wind Energy Project of Ostro Kannada Power Private Ltd (OKPPL) in Karnataka, India.

Power Finance Corp board did not discuss Shapoorji Pallonji Group loan

Board had sanctioned a loan of Rs 20,000 crore to the SP Group in June

Power Finance Corp Q1 results: Net profit rises over 20% to Rs 7,182 cr

State-owned Power Finance Corporation on Tuesday posted over 20 per cent rise in its consolidated net profit to Rs 7,182.06 crore in June 2024 quarter compared to a year ago, mainly due to higher revenues. The company reported a consolidated net profit of Rs 5,982.14 crore in the quarter ended on June 30, 2024, a regulatory filing showed. Total income rose to Rs 24,736.68 crore in the quarter from Rs 21,017.81 crore in the same period a year ago. The company's board also approved declaration of an interim dividend at the rate of 32.50 per cent or Rs 3.25 per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10 each for FY25. Further, the company informed that August 30, 2024 (Friday) shall be reckoned as the 'record date' for ascertaining the eligibility of shareholders for payment of the interim dividend, which will be paid on or before September 5, 2024.

Big players missing, corp bond issuances drop 36% in Apr-Jun period

HDFC's large fund raise stimulated the bond market, creating a momentum that continued into the subsequent months

LS poll impact: PSU shares in free fall mode; most stocks hit lower circuit

Government-owned shares witnessed intense selling pressure as analysts feared that the relatively poor showing of the Modi-government may impact its reforms agenda.

Buy PFC, Power Grid; Sell Bajaj Finance May futures, recommends Ajit Mishra

Ajit Mishra, SVP-Research of Religare Broking expects the Nifty to face resistance in the 22,300 - 22,400 range.

PFC pays highest-ever interim dividend of Rs 2,033 crore to govt for FY24

State-owned PFC on Wednesday said it has paid a total dividend of Rs 2,033 crore to the government for the financial year 2023-24. The company has paid the dividend in three instalments of Rs 554 crore, Rs 832 crore and Rs 647 crore, it said in a statement. "PFC pays the highest-ever interim dividend of Rs 2,033 crore to the Government of India for the FY24. The interim dividend RTGS (Real Time Gross Settlement) intimation advice was presented to RK Singh, Minister Power, New & Renewable Energy...by CMD Parminder Chopra," it noted. PFC has so far paid interim dividend amounting to Rs 3,630 crore to its shareholders for the financial year 2023-24, the highest-ever interim dividend paid by the company, the statement said. Power Finance Corporation (PFC) is a leading non-banking financial corporation under the Ministry of Power.

Corporate finance firm REC to issue multiple-tenor bonds, say bankers

India's REC plans to raise funds through two bonds, one maturing in three years and two months and the other in 10 years, three bankers said on Friday

RBI imposes Rs 8.80 lakh fine on Power Finance Corp for norm violation

The PFC did not adhere to specific provisions of the RBI's directives on 'Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies

Public issues of corporate bond zoom to four-year high, shows data

As of November, Power Finance Corporation raised the highest amount -- Rs 2,824 crore

PFC signs MoU with Gujarat govt for power projects worth Rs 25,000 crore

'The collaboration will not only focus on the expansion of power infrastructure, but also help create employment generation of up to 10,000 in Gujarat,' said the Ministry of Power

68 companies blaze a trail, capturing 56% of India's market; PSUs take lead

FORTUNE'S FAVOURED FEW: Sixty-eight companies blaze a trail, capturing 56% of India's market; PSUs take the lead

This PSU co joins Rs 1-trillion m-cap club; zooms 127% in so far in 2023

Thus far in the calendar year 2023 (CY23), the stock price of PFC has zoomed 127 per cent on strong business performance and healthy outlook

Power Finance Corporation net profit up 27% to Rs 6,628 cr in Sep qtr

State-owned Power Finance Corporation (PFC) on Wednesday posted a nearly 27 per cent rise in its consolidated net profit to Rs 6,628.17 crore in the July-September quarter compared to a year ago. The consolidated net profit of the company was Rs 5,229.33 crore in the quarter ended on September 30, 2022, a BSE filing showed. Total income rose to Rs 22,403.69 crore in the quarter from Rs 19,344.39 crore in the same period a year ago. PFC Chairman and Managing Director Parminder Chopra said, "We have delivered another successful quarter for FY 2024 with a 28 per cent increase in profit vis--vis Q2'23, reflecting our inherent strengths. "In this quarter, our Board has declared an interim dividend of Rs 4.50 per share," she stated. Till 30th September 2023, the PFC has sanctioned Rs 70,499 crore and disbursed Rs 31,508 crore under Late Payment Surcharge Scheme. Consolidated Loan Asset Book crossed Rs 9 lakh crore mark and stood at Rs 9,23,724 crore as of September 30, 2023, versus Rs