Infrastructure Finance Company

IRFC remains strategically important as it raises around 25-35 per cent of the total planned outlay of the Ministry of Railways

PFS divests holding in Ind-Barath Energy for Rs 312 cr

PTC India Financial Services (PFS) on Friday said that it has divested its entire stake in Ind-Barath Energy (Utkal) for Rs 311.93 crore.

PFS net profit plunges 66% in Q4

The total revenue for the fourth quarter of 2014-15 grew 45 percent to Rs 217.25 crore from Rs 149.44 crore in the same period last year.

IDFC Q3 profit rises 10% to Rs 500 cr

Total income of the company during the quarter increased to Rs 2,122.84 crore from Rs 2,047.58 crore a year ago. On standalone basis, the company posted a net profit of Rs 475.44 crore during October-December quarter.

ICRA assigns fundamental grade '4' to Power Finance

ICRA Equity Research Service has come out with its report on Power Finance Corporation (PFC). The research firm has assigned the fundamental grade '4' and the Valuation Grade 'A' to the company in its report dated July 05, 2012.

Agencies playing God; no need to downgrade banks: DK Mittal

Financial Services secretary DK Mittal says the downgrade of some of the Indian banks by ratings agencies recently wasn‘t justified.

L&T Infra Finance prices retail bond issue

L&T Infrastructure Finance, a fully owned unit of Indian engineering conglomerate Larsen & Toubro, has priced its retail bond issue at 8.2% annually, and 8.3% for the cumulative option, its chief executive told Reuters.

IFCL plans to garner Rs 12 bn via tax-free bonds

State-run India Infrastructure Finance Company (IIFCL) is planning to raise 12 billion rupees through issue of tax-free bonds for funding infrastructure projects.