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  • Power Finance Corporation to seek shareholders' nod to raise borrowing limit Sep 07, 2020 08:07 PM IST

    Power Finance Corporation to seek shareholders' nod to raise borrowing limit

    As per the notice, now a special resolution has been proposed for increasing the borrowing limit in the annual general meeting (AGM) on September 29.

  • Power Finance Consolidated June 2020 Net Sales at Rs 16,914.05 crore, up 15.86% Y-o-Y Aug 14, 2020 11:55 AM IST

    Power Finance Consolidated June 2020 Net Sales at Rs 16,914.05 crore, up 15.86% Y-o-Y

  • Power Finance Standalone June 2020 Net Sales at Rs 8,757.67 crore, up 15.53% Y-o-Y Aug 14, 2020 11:54 AM IST

    Power Finance Standalone June 2020 Net Sales at Rs 8,757.67 crore, up 15.53% Y-o-Y

  • Power Finance Corporation Q1 net profit up 23% to Rs 3,557 crore Aug 13, 2020 06:31 PM IST

    Power Finance Corporation Q1 net profit up 23% to Rs 3,557 crore

    Total expenses stood at Rs 12,311.18 crore as against Rs 10,553.42 crore in April-June 2019.

  • Govt likely to hike liquidity package for discoms to Rs 1.25 lakh crore Jul 03, 2020 07:05 PM IST

    Govt likely to hike liquidity package for discoms to Rs 1.25 lakh crore

    Singh said that the states have requested for a hike in the liquidity package and extension of period outstanding dues by few more months due to the impact of COVID-19 induced lockdown.

  • Power Finance Corporation sanctions over Rs 1 lakh crore loans for power projects in FY20 Jun 25, 2020 06:20 PM IST

    Power Finance Corporation sanctions over Rs 1 lakh crore loans for power projects in FY20

    PFC, under the administrative control of the Ministry of Power, is the largest non-banking financial corporation (NBFC) in power sector in India.

  • Power Finance Standalone March 2020 Net Sales at Rs 9,552.38 crore, up 24.04% Y-o-Y Jun 25, 2020 09:25 AM IST

    Power Finance Standalone March 2020 Net Sales at Rs 9,552.38 crore, up 24.04% Y-o-Y

  • Power Finance Consolidated March 2020 Net Sales at Rs 16,192.73 crore, up 12.64% Y-o-Y Jun 25, 2020 09:15 AM IST

    Power Finance Consolidated March 2020 Net Sales at Rs 16,192.73 crore, up 12.64% Y-o-Y

  • PFC Q4 net profit down nearly 80% at Rs 693.71 crore Jun 24, 2020 04:32 PM IST

    PFC Q4 net profit down nearly 80% at Rs 693.71 crore

    Total income during the quarter under review rose to Rs 16,254.65 crore from Rs 14,387.92 crore in the year-ago quarter.

  • PFC to fund projects worth Rs 22K crore in Madhya Pradesh May 26, 2020 07:14 PM IST

    PFC to fund projects worth Rs 22K crore in Madhya Pradesh

    The MoU was signed on a virtual platform by Rajeev Sharma, CMD, PFC and I C P Keshari, Managing Director, NBPCL.

  • S&P revises outlook for Shriram Transport Finance, four other NBFCs to negative Apr 17, 2020 03:55 PM IST

    S&P revises outlook for Shriram Transport Finance, four other NBFCs to negative

    The rating agency further said it expects the overall impact on the NBFC sector to be more pronounced than on the banking sector, given some of them lend to "weaker" customers.

  • Coronavirus pandemic | PFC pledges Rs 200 cr under PM-CARES Fund to fight COVID-19 Mar 31, 2020 02:30 PM IST

    Coronavirus pandemic | PFC pledges Rs 200 cr under PM-CARES Fund to fight COVID-19

    PFC's employees will voluntarily contribute a day's salary to the fund to further strengthen the nation's fight against the dreaded disease, a company statement said.

  • Corporate Roundup: BSE equity derivatives turnover touches record high of Rs 7,591 cr Feb 25, 2020 10:39 PM IST

    Corporate Roundup: BSE equity derivatives turnover touches record high of Rs 7,591 cr

    The implementation of interoperability clubbed with active participation from the members have led to increase in equity derivatives turnover on BSE.

  • Power Finance Consolidated December 2019 Net Sales at Rs 15,873.14 crore, up 13.01% Y-o-Y Feb 14, 2020 08:47 AM IST

    Power Finance Consolidated December 2019 Net Sales at Rs 15,873.14 crore, up 13.01% Y-o-Y

  • PFC Q3 net down 12% to Rs 3,386cr Feb 12, 2020 04:55 PM IST

    PFC Q3 net down 12% to Rs 3,386cr

    Total income rose to Rs 15,878.04 crore during October-December from Rs 14,050.95 crore a year ago.

  • PFC, REC merger hits roadblock Jan 30, 2020 05:45 PM IST

    PFC, REC merger hits roadblock

    According to the sources, PFC has borrowed fund at an interest rate as high as 7.25 per cent for completing this deal while it is rasing money through bonds at a rate as low as 4.25 per cent for funding power sector projects.

  • Market Headstart: Nifty seen opening flat; HDFC, Power Finance top buys Nov 18, 2019 08:55 AM IST

    Market Headstart: Nifty seen opening flat; HDFC, Power Finance top buys

    Trends on SGX Nifty indicate a flat opening for the broader index in India, with a 2 points gain or 0.02 percent. The Nifty futures were trading around 11,945-level on the Singaporean Exchange.

  • Buoyancy in NiftyBank index could push Nifty50 to test new high in coming week Nov 17, 2019 07:48 AM IST

    Buoyancy in NiftyBank index could push Nifty50 to test new high in coming week

    Indications are in the favour of further consolidation and we expect the Nifty50 to hover within 11,700-12,100 range in the coming week

  • PFC inks loan pact for Euro 200 Million with KfW Nov 01, 2019 08:48 PM IST

    PFC inks loan pact for Euro 200 Million with KfW

    The PFC will on-lend these funds for development of the distribution infrastructure of state-owned companies, a PFC statement said.

  • PFC gets shareholders' nod to raise Rs 70K cr in one year Aug 27, 2019 07:59 PM IST

    PFC gets shareholders' nod to raise Rs 70K cr in one year

    The proposal was approved with the requisite majority of shareholders in the annual general meeting held on August 27, according to a statement.

  • PFC Q1 net up 1.24% to Rs 2,899 crore Aug 13, 2019 05:18 PM IST

    PFC Q1 net up 1.24% to Rs 2,899 crore

    The firm had posted a net profit of Rs 2,864.07 crore in the year-ago quarter, the company said in a filing to the BSE.

  • PFC board okays raising Rs 70,000 cr in one year Jul 30, 2019 07:43 PM IST

    PFC board okays raising Rs 70,000 cr in one year

    The proposal would be placed for shareholders' approval in an annual general meeting of the company on August 27, according to the statement.

  • Power Finance Corp raises $300 million loan from overseas Jul 01, 2019 03:10 PM IST

    Power Finance Corp raises $300 million loan from overseas

    The loan has been jointly approved by State Bank of India, Hong Kong and MUFG Bank Ltd, Singapore.

  • Power Finance Corp raises $1 bn from global market Jun 12, 2019 05:25 PM IST

    Power Finance Corp raises $1 bn from global market

    The issuance attracted a strong and diversified order book indicating investor's confidence towards PFC's differentiated credit despite volatile market conditions and concerns over Indian NBFI sector, it mentioned.

  • Market Headstart: Nifty likely to open higher; Coal India, PFC top buys Jun 10, 2019 08:44 AM IST

    Market Headstart: Nifty likely to open higher; Coal India, PFC top buys

    Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 56 points or 0.47 percent. Nifty futures were trading around 11,953-level on the Singaporean Exchange.

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