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Power Finance Corporation

PFC to trade ex-dividend on November 25 for Rs 3.5 interim payout

PFC to trade ex-dividend on November 25 for Rs 3.5 interim payout

Fri, Nov 22, 2024

In the last 12 months, PFC has distributed dividends totalling Rs 16.75 per share, translating to a dividend yield of 3.68 per cent at its current share price of Rs 455.40, according to Trendlyne data.

PFC not to take exposure in Shapoorji Pallonji Group: PFC chairperson

PFC not to take exposure in Shapoorji Pallonji Group: PFC chairperson

Wed, Nov 13, 2024

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.

PFC Q2 profit up nearly 9% to Rs 7,215 crore

PFC Q2 profit up nearly 9% to Rs 7,215 crore

Fri, Nov 08, 2024

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.

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PFC-REC deal completion soon; govt may sell REC stake at 20% premium to PFC

PFC-REC deal completion soon; govt may sell REC stake at 20% premium to PFC

Tue, Feb 12, 2019

The net worth of the company was Rs 35,490 crore and cash and bank balance was Rs 1,773 crore at the end of March 2018. PFC's reserves and surplus stood at Rs 37,221 crore, and cash and bank balance stood at Rs 4,600 crore at the end of March 2018.

Government to sell REC stake to another state lender, Power Finance Corp

Government to sell REC stake to another state lender, Power Finance Corp

Fri, Dec 07, 2018

The Indian government on Thursday approved a plan by one state-owned lender to the power industry, Power Finance Corp to acquire a majority stake in a similar government-controlled lender, REC Ltd, Finance Minister Arun Jaitley said.

To ensure clean air, here is what power companies want from govt

To ensure clean air, here is what power companies want from govt

Mon, Oct 15, 2018

Power producers have asked the government to rope in Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) to provide funds for implementing emission control systems (ECS) in thermal power plants.

Two corporations flouted norms leading to bad loans: CAG

Two corporations flouted norms leading to bad loans: CAG

Fri, Aug 11, 2017

"The REC and PFC did not conduct appropriate due diligence during credit appraisal and in the process assumed higher risks on the loan accounts," the Comptroller and Auditor General (CAG) said in its report tabled in the Lok Sabha.

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