Power Finance Corporation Q3 Net Profit Rises 20% To Rs 6,294 Crore
The company's consolidated net profit was Rs 5,241.10 crore in the quarter ended on December 31, 2022, according to a BSE filing.
Feb 08, 2024, 16:34 PM IST
Power Finance Corporation Net Profit Rises 7% to Rs 5,241 cr in Dec qtr
Total income of the company increased to Rs 19,662.65 crore in the quarter under review from Rs 19,213.69 crore in the same period a year ago.
Feb 13, 2023, 18:11 PM IST
5 stock picks by Sanjiv Bhasin: You may bet on these five shares on Monday; Check target price, stop loss, other details
On Friday, Sensex and Nifty surged to settle at record highs helped by intense buying in index majors Reliance Industries, Wipro and Maruti. The 30-share BSE Sensex rose by 20.96 points or 0.03 per cent to settle at 62,293.64, its fresh record closing high while broader NSE Nifty went up by 28.65 points or 0.15 per cent to end at 18,512.75, its all-time high. As the markets ended on a positive note, Sanjiv Bhasin, Director of IIFL Securities, has suggested five stocks that can grow in the near future and may yield better returns. The stocks picked by Bhasin include Aditya Birla Capital, Indian Hotel, DLF, Tata Steel, PFC, BHEL, and REC among others. Here, we are sharing five of them with key details:
Nov 27, 2022, 15:11 PM IST
Parminder Chopra takes charge as director (finance) at Power Finance Corporation
Chopra was working as Executive Director (Finance) at Power Finance Corporation (PFC) before assuming charge as Director (Finance), PFC.
Jul 01, 2020, 18:01 PM IST
PFC board okays purchase of government's stake in REC
The government is expected to garner around Rs 15,000 crore from this sale process.
Dec 21, 2018, 11:44 AM IST
Cabinet gives in-principal approval for sale of government's 52.63% stake in REC to PFC
Both REC and PFC are Central Public Sector Enterprises (CPSEs) under the Ministry of Power.
Dec 07, 2018, 10:19 AM IST
India's Power Finance Corp lists green bond on London Stock Exchange
In total, there are 59 green bonds listed in London that have raised over USD 19.5 billion in aggregate terms across seven currencies.
Nov 30, 2017, 11:35 AM IST
Power Finance Corp to raise Rs 65,000 crore via debt
Power Finance Corporation on Thursday said it will seek shareholders' nod to raise up to Rs 65,000 crore through issuance of securities on private placement basis.
Aug 31, 2017, 18:17 PM IST
Fitch affirms PFC rating at BBB- on strong govt support
Fitch Ratings has affirmed Power Finance Corporation (PFC) rating at BBB- and maintained a stable outlook due to strong government support and its healthy financial performance.
Jun 02, 2017, 16:27 PM IST
PFC Ltd board to consider interim dividend next week
State-run Power Finance Corporation (PFC) today said its board will meet next week to consider interim dividend for the ongoing fiscal.
Dec 08, 2015, 15:10 PM IST
Govt to sell 5% stake in PFC on July 27
Government will divest 5 percent of its stake in Power Finance Corporation on July 27 which may fetch around Rs 1,700 crore at current market price.
Jul 24, 2015, 22:44 PM IST
PFC incorporates BMPL as wholly-owned subsidiary
"Bihar Mega Power Limited has been incorporated as wholly owned subsidiary of the Company on July 9, 2015," Power Finance Corporation Ltd informed BSE.
Jul 15, 2015, 17:16 PM IST
PFC's net profit rises 11% to Rs 1,561 crore in Q4
State-run Power Finance Corp Thursday reported 11 percent rise in its standalone net profit at Rs 1,560.76 crore for the fourth quarter ended March 2015.
May 28, 2015, 18:58 PM IST
PFC exceeds loan sanction target by Rs 5,000 crore in FY'15
State-run lender Power Finance Corporation on Monday said it has surpassed its loan sanction target by Rs 5,000 crore to touch Rs 60,000 crore for 2014-15.
Apr 13, 2015, 20:08 PM IST
PFC to disburse Rs 44K crore loans in FY'16
State-owned lender Power Finance Corporation plans to disburse over Rs 44,000 crore loans during the current financial year (2015-16).
Apr 01, 2015, 16:26 PM IST
Power Finance Corp posts Q3 Net at Rs 1,542 crore
State-run lender Power Finance Corporation today reported its Q3 net profit at Rs 1,541.73 crore, almost flat as compared with the year-ago period.
Feb 11, 2015, 17:46 PM IST
Govt may sell 5% stake in PFC next week
The government is likely to offload 5 percent of its stake in Power Finance Corporation (PFC) next week which could fetch Rs 1,850 crore to the exchequer.
Jan 24, 2015, 00:00 AM IST
PFC under process to select developer for 3 coal blocks
As per the new Model Bidding documents issued by the Power Ministry, all activities related to the development of coal blocks are to be carried out by power procuring state utilities.
Jul 20, 2014, 11:31 AM IST
