Power Finance Corporation (PFC)

State-owned Power Finance Corporation on Wednesday said its board has approved Rs 1,40,000 crore borrowing plan for 2025-26 and also approved fourth interim dividend of Rs 3.5 per share for 2024-25. The Board of Directors of Power Finance Corporation Ltd. (PFC), in its meeting held on March 12, 2025, approved a total borrowing of Rs 1,40,000 crore for 2025-26, a regulatory filing stated. The board also approved declaration of fourth interim dividend at the rate of Rs 3.50 per equity share (subject to deduction of TDS) on the face value of the paid-up equity shares of Rs 10 each for 2024-25. The board also approved the proposal to change the name of the company from Power Finance Corporation Limited to PFC Limited or any other name as may be approved by the Registrar of Companies (RoC). It also approved the consequential amendment to the Memorandum and Articles of Association of PFC, subject to requisite approvals from shareholders, the Reserve Bank of India (RBI), Stock Exchanges a

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Motilal Oswal sees decent visibility for loan and earnings growth, as well as continued progress on stressed asset resolutions

Power Finance Corporation Q3 results: The company has declared a third interim dividend of Rs 3.50 per equity share for FY25

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 .

The company declared a second interim dividend of Rs 3.5 per share and fixed the record date as November 25, 2024

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

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

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

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.

CRISIL Ratings believes REC will continue to benefit from government support, given its strategic role in the implementation of the government's power sector initiatives.

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The company is expected to borrow around Rs 1 trillion to 1.20 trillion in the financial year

As collateral for the initial loan, the SP Group pledged its 18 per cent stake in Tata Sons, the holding company of the Tata Group, according to reports

State-owned PFC on Wednesday said it has paid a total dividend of Rs 2,033 crore to the government for the financial year 2023-24. The company has paid the dividend in three instalments of Rs 554 crore, Rs 832 crore and Rs 647 crore, it said in a statement. "PFC pays the highest-ever interim dividend of Rs 2,033 crore to the Government of India for the FY24. The interim dividend RTGS (Real Time Gross Settlement) intimation advice was presented to RK Singh, Minister Power, New & Renewable Energy...by CMD Parminder Chopra," it noted. PFC has so far paid interim dividend amounting to Rs 3,630 crore to its shareholders for the financial year 2023-24, the highest-ever interim dividend paid by the company, the statement said. Power Finance Corporation (PFC) is a leading non-banking financial corporation under the Ministry of Power.

India's REC plans to raise funds through two bonds, one maturing in three years and two months and the other in 10 years, three bankers said on Friday

The PFC did not adhere to specific provisions of the RBI's directives on 'Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies

State-owned Power Finance Corporation has inked an initial pact with the Gujarat government to provide comprehensive financial backing for the state's generation, transmission, and distribution projects. Power Finance Corporation (PFC) signed an MoU with the government of Gujarat on January 3, 2024, according to a company statement issued on Wednesday. The MoU was signed by Parminder Chopra, CMD PFC and Jai Prakash Shivhare, MD (GUVNL) in the presence of Bhupendra Patel, Chief Minister of Gujarat. The chief objective of this MoU is to provide comprehensive financial backing for the state's generation, transmission, and distribution projects. The MoU, signed in Gandhinagar, marks a significant step towards bolstering various projects undertaken by the Gujarat Urja Vikas Nigam Limited (GUVNL), Gujarat State Electricity Corporation Limited (GSECL), Gujarat Energy Transmission Corporation Ltd (GETCO), Dakshin Gujarat Vij Company Ltd (DGVCL), Madhya Gujarat Vij Company Ltd (MGVCL), Pasc

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Thus far in the calendar year 2023 (CY23), the stock price of PFC has zoomed 127 per cent on strong business performance and healthy outlook