Don’t miss the latest developments in business and finance.

PFC

Stocks to Watch, Feb 28: PFC, Paytm, JSW Infra, M&M, Tata Power, LIC

Share market today: Indian stock markets are likely to be influenced by the persistent selling of Indian equities by FIIs, Trump tariffs, and the country's Q3 GDP data set for release later today

Updated On: 28 Feb 2025 | 7:41 AM IST

PFC inks pact to provide Rs 26,800 crore finance to MP power utilities

State-owned Power Finance Corporation on Thursday said that it has inked an initial pact to provide Rs 26,800 crore finance to power utilities of Madhya Pradesh. This funding will support capital expenditure projects for entities such as Madhya Pradesh Power Generation Company Ltd (MPPGCL), Madhya Pradesh Power Transmission Company Ltd (MPPTCL), and MP discoms (distribution companies), PFC said in a statement. Power Finance Corporation (PFC) has signed a Memorandum of Understanding (MoU) with the government of Madhya Pradesh to extend financial assistance of Rs 26,800 crore to the state's power utilities, the statement said. The financial assistance will be directed towards crucial infrastructure projects, including the development of new supercritical thermal units, solar power plants, renovation and modernisation of hydropower stations, power evacuation networks, smart metering, and loss reduction initiatives under the Revamped Distribution Sector Scheme (RDSS), ensuring energy ..

Updated On: 27 Feb 2025 | 6:58 PM IST

Adani Green Energy in talks with PFC to restructure $1.1 bn loan in rupees

The proposed fundraising comes after Adani Green Energy scrapped a $600 million dollar bond amid the US probe against founder Adani and and his nephew, Sagar Adani

Updated On: 21 Feb 2025 | 4:08 PM IST

Dividend, Stock-split: PFC, SBI Cards, 8 others to turn ex-date next week

Here is the complete list of companies whose shares will trade ex-date next week, along with their key corporate announcements as per data available on the BSE

Updated On: 21 Feb 2025 | 2:38 PM IST

Q3 results today: HAL, Ashok Leyland, Siemens to post earnings on Feb 12

Q3 FY25 company results, February 12: PFC, RFC, Mamaearth, Dominoes, and Godrej Industries will be among 498 companies to release their performance report for the Oct-Dec quarter

Updated On: 12 Feb 2025 | 9:58 AM IST

PFC signs 120 bn yen loan pact with Japan's JBIC for RE project

State-owned PFC on Thursday said it has inked an agreement with Japan Bank for International Cooperation (JBIC) for 120 billion Japanese yen (around Rs 6,600 crore) loan facility. According to a PFC statement, under the agreement signed on Wednesday, JBIC will provide funding of JPY 72 billion, and the balance will be funded by commercial banks. This long-term (up to 20 years ) loan to PFC will be provided under JBIC's initiative 'Global action for Reconciling Economic growth and Environmental preservation' (GREEN). The funds will be utilized by PFC to finance its renewable energy portfolio, advancing India's transition to non-fossil-fuel-based energy sources. This deal marks the largest green financing agreement ever executed by JBIC with any company in India. The loan agreement was signed by Parminder Chopra, Chairman and Managing Director, PFC and Ogawa Kazunori, Senior Managing Director, JBIC in the presence of Takashi Ariyoshi, Minister & Deputy Chief of Mission, Embassy of .

Updated On: 16 Jan 2025 | 7:01 PM IST

FIIs build shorts in Nifty in last 2 days; most bearish since May 2024

Cues from derivatives market for December 31: FIIs now hold more than 5 short positions in index futures for every long trade. Among individual stocks, NSE F&O data shows significant short build-up at

Updated On: 31 Dec 2024 | 10:01 AM IST

Stocks to Watch on Dec 10: Vi, Metropolis, MapmyIndia, TaMo, LIC, PFC

Stocks to Watch on Dec 10: From Vodafone Idea (Vi) to Tata Motors, here is a list of stocks that will remain in limelight today

Updated On: 10 Dec 2024 | 7:47 AM IST

Dividend stocks: PFC, Nalco, 38 others to trade ex-date next week

Here is the complete list of stocks that will trade ex-dividend next week, along with key details of their dividend announcements

Updated On: 22 Nov 2024 | 1:37 PM IST

Stocks to watch, Nov 14: PFC, Eicher Motors, Vi, Nalco, Swiggy, ONGC

Stocks to watch, Nov 14: Here are few stocks that will be in limelight for today's session

Updated On: 14 Nov 2024 | 8:41 AM IST

PFC not to take exposure in Shapoorji Pallonji Group: CMD Chopra

The board of PFC has decided not to sanction loans to Shapoorji Pallonji Group as it does not favour takeing "high-end exposure", PFC CMD Parminder Chopra said. The Power Finance Corporation (PFC) chairman and managing director (CMD) Parminder Chopra made the remarks in a post earnings call. "The Board in its wisdom has decided that since it's a new sector for us, so we may not take that high-end exposure," she said in reply to a question related to sanctioning loan to Shapoorji Pallonji. Shapoorji Pallonji Group is a business conglomerate which specializes in sectors like engineering and construction. PFC had conducted a due diligence process related to sanctioning loan to Shapoorji Pallonji, she said. It was finally decided not to go ahead with the sanctioning of the loan for Shapoorji Pallonji, the chairman said. As per media reports, PFC has rejected loan proposal worth around USD 2.4 billion to Shapoorji Pallonji. PFC is an infrastructure finance company under the power min

Updated On: 13 Nov 2024 | 11:06 PM IST

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

Updated On: 08 Nov 2024 | 11:29 PM IST

Stocks To Watch: Bajaj Auto, LTTS, CRISIL, Bikaji Foods, PFC

Stock Market Today: Bikaji Foods has announced a strategic investment of Rs 131.01 crore for a 53.02 per cent stake in Hazelnut Factory Food Products

Updated On: 17 Oct 2024 | 9:05 AM IST

PFC Infra Finance IFSC Ltd gets approval to operate from GIFT City

Power Finance Corporation on Wednesday said its arm PFC Infra Finance IFSC Ltd has received approval from International Financial Services Centres Authority to commence business as a finance company in IFSC GIFT City, Gujarat. PFC Infra Finance IFSC Ltd (PIFIL) will be the first finance company in IFSC dedicated to power and infrastructure sector lending, the company said in a statement. PIFIL aims to provide lending in India and other countries in foreign currency, catering to government as well as private players. The establishment of PIFIL will position PFC as a global brand and contribute to strengthening India's position as a global financial hub. IFSCA chairperson K Rajaraman presented the Certificate of Registration (CoR) to Parminder Chopra, Chairperson PFC & PIFIL. "As we commence operations, funding for energy transition will be a key focus, aligning with India's strong push towards clean energy sources," Chopra said.

Updated On: 16 Oct 2024 | 7:27 PM IST

PFC pays Rs 462 cr final dividend for 2023-24 to govt; BHEL pays Rs 55 cr

State-owned Bharat Heavy Electricals Ltd (BHEL) on Wednesday said it has paid a final dividend of Rs 55 crore for 2023-24 to the government. To this effect, a cheque towards the final dividend on the equity (63.17 per cent) held by the Government of India, was presented to H. D. Kumaraswamy, Union Minister of Heavy Industries and Steel by K Sadashiv Murthy, Chairman and Managing Director, BHEL, a company statement said. The total dividend paid to the company's shareholders for 2023-24 amounted to over Rs 87 crore.

Updated On: 18 Sep 2024 | 11:32 PM IST

PFC, REC gain up to 3% as UBS initiates 'buy' rating on high growth outlook

UBS believe REC and PFC's growth drivers and trajectory will be similar, with REC growing slightly ahead of PFC.

Updated On: 29 Aug 2024 | 12:10 PM IST

Ajit Mishra of Religare Broking recommends buying these stocks on August 29

PFC has registered a decisive breakout from the intermediate falling resistance trendline with strong volumes.

Updated On: 29 Aug 2024 | 6:43 AM IST

Power Grid acquires two project special purpose vehicles from PFCCL

Power Grid Corp on Thursday said it has acquired 2 project special purpose vehicles from PFC Consulting Ltd. The two SPVs are Sirohi Transmission Ltd and Beawar-Mandsaur Transmission Ltd, a company statement said. Sirohi Transmission shall implement a system comprising establishment of new 765/400 kV sub-station near Sirohi in Rajasthan, 765kV & 400kV D/C transmission lines and associated bays extension works at existing substation in the state. Beawar-Mandsaur Transmission shall implement a system comprising establishment of 765kV D/C transmission line and associated bays extension works at existing sub-station in Rajasthan and Madhya Pradesh. Both transmission systems are to be commissioned in 24 months. According to the statement, the bid process coordinator for the two SPVs is PFC Consulting Ltd (PFCCL), which conducted a tariff-based competitive bidding. POWERGRID, through its various project SPVs, is implementing transmission system projects being constructed on build, own,

Updated On: 22 Aug 2024 | 10:53 PM IST

Nifty PSE off its all-time high; what's worrying the investors?

In the past two months, major PSE index constituents are experiencing profit booking. Here's how analysts view the space

Updated On: 22 Aug 2024 | 1:14 PM IST

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.

Updated On: 08 Aug 2024 | 5:54 PM IST