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  • Govt receives around Rs 814 crore from 5 CPSEs as dividend this fiscal Oct 18, 2021 06:25 PM IST

    Govt receives around Rs 814 crore from 5 CPSEs as dividend this fiscal

    OIL, KIOCL and SJVN have paid about Rs 92 crore, Rs 99 crore and Rs 94 crore respectively as dividend tranches to the government, Pandey added.

  • PFC issues 300 million euro bonds in European market Sep 16, 2021 02:41 PM IST

    PFC issues 300 million euro bonds in European market

    In a statement, Power Finance Corporation Ltd (PFC) said the issuance which took place on Monday saw a strong participation from institutional investors across Asia and Europe with a participation from across 82 accounts and was oversubscribed 2.65 times

  • PFC, REC reduce lending rates by up to 2 percentage points from April 1 Mar 31, 2021 09:10 PM IST

    PFC, REC reduce lending rates by up to 2 percentage points from April 1

    The new lending rates will be effective from April 1, 2021. This initiative was undertaken to offer competitive rates, in line with the rates being offered by peers in the market.

  • Liquidity support provides temporary lifeline to discoms: S&P May 18, 2020 04:28 PM IST

    Liquidity support provides temporary lifeline to discoms: S&P

    The agency expects power demand to recover but is likely to have its first-ever power surplus in the fiscal year ending March 2021.

  • PFC, NTPC stake sales hit roadblock: Report Dec 31, 2019 01:09 PM IST

    PFC, NTPC stake sales hit roadblock: Report

    As of the end of the September quarter, the government’s stake in NTPC is 54.5 percent, and in PFC it is 56.16 percent.

  • PFC raises global bond issuance size to $5 billion Sep 14, 2019 05:10 PM IST

    PFC raises global bond issuance size to $5 billion

    "The PFC has updated the existing Global Medium Term Note Programme from $3 billion to $5 billion," it said in a BSE filing.

  • To discipline discoms, Centre looking to link loans with performance Aug 16, 2019 11:04 AM IST

    To discipline discoms, Centre looking to link loans with performance

  • Watch out! Huge shorts got rolled in mid-cap counters for July series Jun 28, 2019 11:44 AM IST

    Watch out! Huge shorts got rolled in mid-cap counters for July series

    The two-third of the stocks from derivatives segment saw decent selling pressure in June series, which does not bode well for the bulls.

  • PFC Q4 net profit jumps over two-and-a-half times to Rs 2,117 cr May 29, 2019 04:30 PM IST

    PFC Q4 net profit jumps over two-and-a-half times to Rs 2,117 cr

    The firm's total standalone income increased to Rs 7,702.64 crore in the March quarter, from Rs 6,254.96 crore a year ago.

  • PFC completes REC acquisition, hopeful of merger in 2019-20 Mar 28, 2019 07:23 PM IST

    PFC completes REC acquisition, hopeful of merger in 2019-20

    The transaction assumed significance because it helped the government meet its disinvestment target of Rs 80,000 crore for the current financial year.

  • PFC board fixes overall borrowing limit of Rs 81k cr for FY20 Mar 27, 2019 08:15 PM IST

    PFC board fixes overall borrowing limit of Rs 81k cr for FY20

    The board decided to raise Rs 45,000 crore through long term borrowings like term loans and public or private placement of long term taxable/tax free bonds.

  • PFC to pay entire Rs 14,500 cr for REC acquisition on March 28 Mar 26, 2019 08:37 PM IST

    PFC to pay entire Rs 14,500 cr for REC acquisition on March 28

    PFC has bought REC share at Rs 139.50 per piece with total acquisition cost of about Rs 14,500 crore.

  • CPSE ETF additional sale on March 19; govt to raise over Rs 3,500 cr Mar 12, 2019 09:30 PM IST

    CPSE ETF additional sale on March 19; govt to raise over Rs 3,500 cr

    The proceeds from the ETF sale will help the government move towards meeting the Rs 80,000 crore disinvestment target set for the current fiscal.

  • REC must get consent from at least 50% of lenders for PFC deal to go through Feb 24, 2019 12:22 PM IST

    REC must get consent from at least 50% of lenders for PFC deal to go through

    REC's cumulative foreign debt stands at around $1.85 billion which will mature in phases till 2028 and the state-owned company has initiated the exercise of obtaining the consent of these lenders.

  • Cash Market | Strong relative strength in PFC makes it a good buy Feb 20, 2019 07:50 AM IST

    Cash Market | Strong relative strength in PFC makes it a good buy

    In a weak market, PFC has shown strong relative strength and may move higher.

  • Post-merger REC to remain govt entity: Power Ministry Feb 18, 2019 06:20 PM IST

    Post-merger REC to remain govt entity: Power Ministry

    Power Finance Corporation (PFC) is likely to close the deal by March 31 this year and is not considering extending open offer to the minority stakeholders, Verma said while addressing a media conference here.

  • Power Finance Corp to source Rs 10K crore from its own reserves for REC deal; move to impact lending Feb 12, 2019 01:53 PM IST

    Power Finance Corp to source Rs 10K crore from its own reserves for REC deal; move to impact lending

    Self-funding a major portion of the deal may take a toll on PFC's lending ability in the power sector unless extra capital is provided to the company

  • CCI gives nod to PFC's acquisition of 52% stake in REC Feb 05, 2019 07:30 PM IST

    CCI gives nod to PFC's acquisition of 52% stake in REC

    The government is expected to garner around Rs 15,000 crore from this sale process.

  • PFC allays investor fears, says REC acquisition deal size not finalised yet Dec 27, 2018 05:28 PM IST

    PFC allays investor fears, says REC acquisition deal size not finalised yet

    On concerns related to a potential merger of REC with PFC subsequent to the acquisition, PFC said no decision has been taken yet in this regard.

  • PFC board okays purchase of govt stake in REC Dec 20, 2018 10:23 PM IST

    PFC board okays purchase of govt stake in REC

    The CCEA earlier on December 6 had approved the sale of government's 52.63 percent stake in REC to Power Finance Corporation.

  • PFC not to make open offer post REC acquisition Dec 09, 2018 12:20 PM IST

    PFC not to make open offer post REC acquisition

    The Cabinet Committee on Economic Affairs (CCEA) on December 6 gave in-principle approval to the acquisition of the government stake in Rural Electrification Corporation(REC) by PFC.

  • Now, Centre asks PFC to acquire its 58% stake in REC for Rs 14,000cr: Report Dec 05, 2018 10:33 AM IST

    Now, Centre asks PFC to acquire its 58% stake in REC for Rs 14,000cr: Report

    Experts cautioned that the net worth of the acquiring company would fall drastically as it would have to finance the deal and may result in value disruption in the power and renewable energy

  • Proposed acquisition of PFC by REC needs RBI and CCI nod Dec 02, 2018 11:15 AM IST

    Proposed acquisition of PFC by REC needs RBI and CCI nod

    Once the proposal is cleared by the power ministry, it would be taken to the cabinet for final approval

  • Govt to raise up to Rs 14k cr through 4th tranche of CPSE ETF; issue to open next week Nov 19, 2018 02:27 PM IST

    Govt to raise up to Rs 14k cr through 4th tranche of CPSE ETF; issue to open next week

    The issue will open early next week and investors would get 3.5-4 percent discount over the issue price, the sources said.

  • Govt to sell its stake in SJVN & Power Finance Corp for Rs 20,000 crore: Report Sep 25, 2018 04:16 PM IST

    Govt to sell its stake in SJVN & Power Finance Corp for Rs 20,000 crore: Report

    These deals showcase the government's resolve to usher consolidation in the power space.

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