Pfc

PowerMin invites bids to supply 4.5 Gw electricity during coming summer

Power to be supplied for five years, qualifying gencos to get coal under SHAKTI scheme

Stocks to Watch: Reliance, Nykaa, NDTV, Kaynes Technology, PFC, JK Paper

Stocks to Watch: Kaynes Technology will make its debut today. The issue price is fixed at Rs 587 per share

PFC logs highest ever quarterly profit of Rs 5,229 cr on higher revenues

Power Finance Corporation (PFC) on Thursday posted its highest ever quarterly profit after tax of Rs 5,229.33 crore for September quarter 2022-23 mainly due to higher revenues. The consolidated profit is 4 per cent higher as compared to the year-ago period when it logged a profit of Rs 5,023.42 crore, it said in a BSE filing. Total income rose to Rs 19,344.39 crore from Rs 19,282.60 crore in the same period a year ago. The board in its meeting on Thursday also approved second interim dividend of Rs 3 per share of Rs 10 each for 2022-23. The PFC group delivered its highest ever consolidated profit after tax (PAT) of Rs 5,229 crore in Q2FY23, it said in a statement. The group reported a PAT of Rs 9,809 crore in April-September FY23 as against Rs 9,578 crore in the year-ago period. The consolidated net worth crossed Rs 1 lakh crore mark and stood at Rs 1,02,280 crore (including non-controlling interest) as on September 30, 2022. This is reflective of PFC group's strong fundamentals

PFC eyes new infra, net zero value chain: Chairman & MD R S Dhillon

'PFC and REC have sanctioned close to Rs 2 trillion covering 36 discoms', said Dhillon

PFC's power drive flickering under record debt burden, govt scheme

The state-run financer for generators and distributors is struggling under a record debt burden even as it is being asked to underwrite the government's latest scheme to rescue inefficient discoms

Power shocks: Discoms need transparency

Only transparent pricing and accounting will help the discoms recover their dues

PFC Q1 profit up marginally at Rs 4,580 cr; income falls 2% to Rs 18,544 cr

The board in its meeting held on Friday approved an interim dividend of Rs 2.25 per equity share of face value of Rs 10 each for 2022-23.

Here's why Vinay Rajani of HDFC Securities is bullish on SBI, PFC

The technical analyst also recommends to hold Nifty longs with a stop at 16,100; on the upside, he expects resistance for the NSE benchmark around 16,520 and 16,794.

Bonanza for Indian euro loan borrowers as currency slides against dollar

Companies will have to buy fewer dollars to repay euro debt

PFC lists 300-million euro green bonds on Luxembourg Stock Exchange

PFC Chairman and Managing Director (CMD) RS Dhillon rang the bell at the listing ceremony held in GIFT IFSC Gujarat on Wednesday, the company said in a statement

Govt asks PFC, REC to give short-term loans to imported coal-based plants

The direction assumes significance in view of the power ministry's earlier order that asked all imported coal-based plants to produce electricity at their 100% generation capacity

Power Finance Corp pays Rs 887 crore as interim dividend to govt for FY22

Power Finance Corporation on Friday said it has paid Rs 886.97 crore as an interim dividend to the government for the financial year 2021-22. This is in addition to Rs 333 crore and Rs 370 crore paid as first and second interim dividend, respectively, earlier, Power Finance Corporation (PFC) said in a statement. PFC CMD Ravinder Singh Dhillon presented the interim dividend RTGS (Real Time Gross Settlement) intimation advice of Rs 886.97 crore to Minister for Power, New & Renewable Energy RK Singh in the presence of the Power Secretary Alok Kumar and other senior ministry and company officials. The third interim dividend at a rate of Rs 6 per equity share of face value Rs 10 each was declared by the Board of Directors in its meeting held on February 11, 2022. "With this, PFC has so far paid interim dividends amounting to Rs 2,838 crore to its shareholders...for the financial year 2021-22, which is the highest ever dividend paid by PFC," it said.

PFC net profit rises nearly 24% to Rs 4,893 cr in December quarter

The company had reported a consolidated net profit of Rs 3,963.18 crore in the quarter ended December 2020, a BSE filing stated

Sterlite Power acquires transmission project from PFC Consulting

Power transmission infrastructure developer Sterlite Power on Tuesday said it has acquired the Nangalbibra-Bongaigaon inter-state transmission project from PFC Consulting.

Nandish Shah of HDFC Securities is bullish on this power-related stock

The stock price of PFC has broken out from the downward slopping trendline on the weekly chart

Power Finance Corp issues maiden Euro Green Bond, aims to mop up £300 mn

The 7-year instrument has been priced at 1.841%, which PFC says is the lowest yield locked in by an Indian issuer in Euro markets

PFC issues 300 million euro bonds for 7-year period in European market

State-owned PFC on Thursday said it has issued bonds worth 300 million euros for a period of seven years.

PFC posts multifold jump in net profit to Rs 3,906 crore in March quarter

The firm's board has recommended a final dividend of Rs 2 per share with the face value of Rs 10 per share for 2020-21.

REC, PFC sign pact to finance 600-megawatt hydropower project in Bhutan

KHEL is the first JV being undertaken between the two governments for implementation of the 4x150 MW Kholongchhu hydroelectric project

PFC plans to raise Rs 1.18 trillion, eyes domestic retail bond market

Fund will help the firm make up for the loss in borrowing during lockdown