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Latest news about Power Finance Corporation

PFC Expands into Power Transmission with New Subsidiary in Maharashtra 4 days ago

Power Finance Corporation (PFC) has established a new subsidiary, Saswad Transmission Limited, to develop a power transmission project in Maharashtra. This strategic move marks PFC's expansion beyond its core financing activities into direct power infrastructure development. The initiative aims to enhance Maharashtra's power transmission capabilities and diversify PFC's revenue streams.

PFC Establishes 'Wagdari Transmission Limited' for Maharashtra Power Project 6 days ago

Power Finance Corp: Last Day to Buy Shares for Dividend Eligibility 8 days ago

Power Finance Corporation's Q4 Profit Surges 24% YoY, Boosted by Interest Income Write-Back May 22, 2025

PFC Revises Loan Growth Guidance Downward to 10-11% May 21, 2025

More news about Power Finance Corporation

21May 25

Power Finance Corporation: Q4 Profit Rises 11%, Declares Final Dividend

Power Finance Corporation (PFC) announced its Q4 results, reporting a consolidated net profit of ₹8,358.00 crore, up 11% year-over-year. Net Interest Income rose by 41% to ₹12,681.00 crore. The company declared a final dividend of ₹2.05 per share, with June 13 set as the record date.

19May 25

Power Finance Corporation to Announce Q4 and FY25 Results, Consider Final Dividend

Power Finance Corporation (PFC) will release its Q4 and FY25 financial results on May 21, 2025. The board will also consider recommending a final dividend. A trading window closure is in effect until May 24, 2025. An earnings call with analysts is scheduled for May 22, 2025.

16May 25

PFC to Consider Q4 FY25 Results and Final Dividend in Upcoming Board Meeting

Power Finance Corporation (PFC) has scheduled a board meeting for May 21, 2025, to review Q4 FY25 financial results and consider declaring a final dividend. This follows PFC's recent dividend distribution of ₹5,363.00 crore for FY 2024-25, with ₹3,003.00 crore allocated to the Government of India. The upcoming meeting is expected to provide insights into PFC's year-end performance and determine shareholder returns.

08May 25

Power Finance Corp to Announce Q4 Results on May 21

Power Finance Corporation (PFC) will consider and approve its Q4 financial results on May 21, 2023. The announcement is significant as it will provide insights into PFC's lending activities, revenue generation, and overall financial health for the final quarter of the fiscal year. Key areas of focus include the company's lending portfolio, revenue and profitability, asset quality, and market position in the power financing sector.

08May 25

Fitch Reaffirms Power Finance Corporation's 'BBB-' Rating, Outlook Stable

Fitch Ratings has affirmed Power Finance Corporation's (PFC) Long-Term Issuer Default Rating at 'BBB-' with a Stable Outlook. This rating action recognizes PFC's financial stability, strategic importance in India's power sector financing, and ability to maintain performance. The investment-grade rating is expected to support investor confidence and PFC's borrowing capacity, while also reflecting positively on the stability of India's power sector.

30Apr 25

Power Finance Corporation Withdraws Rs 6,000 Crore Bond Issuances Amid Pricing Concerns

Power Finance Corporation (PFC) has withdrawn two long-term bond issuances totaling Rs 6,000 crore due to limited investor interest at desired pricing levels. The cancelled issuances included a zero-coupon bond maturing in June 2035 and a regular bond maturing in April 2040. Despite generally low bond yields in the market, bids for PFC's bonds came in at higher yields than the company was willing to accept. This move demonstrates PFC's disciplined approach to capital raising but may impact its short-term fundraising efforts.

29Apr 25

Power Finance Corp. to Raise Rs 6,000 Crore Through Bond Issues

Power Finance Corporation (PFC) plans to raise up to Rs 6,000 crore through two separate bond issues. The first is a zero coupon bond issue of up to Rs 3,500 crore maturing in 2035, with a base size of Rs 600 crore and a greenshoe option of Rs 2,900 crore. The second is a plain vanilla bond issue of up to Rs 2,500 crore maturing in 2040. Both issues have received AAA ratings from CRISIL and are scheduled for allotment on May 2, 2023. This fundraising initiative aims to strengthen PFC's financial position and support its lending activities in the power sector.

23Apr 25

Power Finance Corporation Faces ₹307 Crore Unpaid Loan from Gensol Engineering

Power Finance Corporation (PFC) has revealed that ₹307 crore out of a ₹352 crore loan to Gensol Engineering remains unpaid. PFC has filed a complaint with the Economic Offences Wing, alleging use of falsified documents in the loan process. An internal investigation under PFC's Anti-Fraud Policy is also underway. The unpaid amount represents 2.60% of PFC's current assets. Despite this issue, PFC's total assets have grown by 13.66% year-over-year to ₹505,583 crore.

23Apr 25

Power Finance Corporation Grapples with Gensol Loan Repayment Issues

Power Finance Corporation (PFC) is grappling with a ₹3.52 billion loan disbursed to Gensol for leasing 3,000 electric vehicles to Blusmart Mobility. As of April 18, 2025, only ₹450 million has been repaid, leaving ₹3.07 billion outstanding. PFC is exploring various options, including potential legal action through the Economic Offences Wing, due to allegations of falsified documents in the loan process. This situation highlights the risks in financing emerging sectors like electric mobility.

22Apr 25

Power Finance Corporation Takes Action to Recover Rs 307 Crore from Gensol Engineering

Power Finance Corporation (PFC) is taking steps to recover Rs 307 crore outstanding from Gensol Engineering following a Rs 633 crore loan sanction for EV procurement. PFC has disbursed Rs 352 crore and filed a complaint with the Economic Offences Wing alleging use of falsified documents. An internal investigation under the company's anti-fraud policy is also underway. The outstanding amount represents 2.60% of PFC's current assets.

21Apr 25

Power Finance Corporation Explores Sale of Gensol Electric Vehicles

Power Finance Corporation (PFC) and Indian Renewable Energy Development Agency (IREDA) are reportedly exploring the sale of their interests in Gensol Electric Vehicles. This potential divestment comes amid rapid growth in India's EV market and could signify a strategic realignment of investments in the sector. The move may attract new players to the EV manufacturing space and reflect changing priorities in government-backed financial support for the industry.

08Apr 25

Power Finance Corporation Inks Rs 1 Lakh Crore Deal with MMRDA for Mumbai Infrastructure

Power Finance Corporation (PFC) has signed a Memorandum of Understanding with Mumbai Metropolitan Region Development Authority (MMRDA) for ₹1,00,000 crore to finance infrastructure projects in the Mumbai Metropolitan Region. This agreement marks PFC's expansion beyond the power sector into broader urban development financing, potentially transforming Mumbai's infrastructure landscape. The partnership leverages PFC's financial expertise and MMRDA's regional planning capabilities, though specific project details are yet to be disclosed.

03Apr 25

PFC Sanctions Rs 3,517 Crore Loan for East Rail Corridor Project in Chhattisgarh

Power Finance Corporation (PFC) has sanctioned a loan of Rs 3,517.00 crore for the East Rail Corridor project in Chhattisgarh. This significant financial backing is expected to enhance regional infrastructure, boost economic growth, and create job opportunities in the state. The move also highlights PFC's expanding role in infrastructure financing beyond the power sector.

28Mar 25

Power Finance Corp Transfers Kurnool III PS RE Transmission to Power Grid Corp for ₹190.4 Crore

Power Finance Corporation (PFC) has transferred Kurnool III PS RE Transmission Limited to Power Grid Corporation of India Limited (PGCIL) for ₹190.40 crore. The transaction, completed on March 27, 2025, involves a wholly-owned subsidiary of PFC Consulting Limited. The consideration received is ₹19,04,38,659 as per the Share Purchase Agreement. PFC stated that the turnover, revenue, income, and net worth contributed by the transferred entity were negligible in the last financial year. The transaction complies with regulatory guidelines and is not a related party transaction or slump sale.

27Mar 25

Power Finance Corp Completes Transfer of Kurnool III PS RE Transmission to Power Grid Corp for ₹190.4 Crore

Power Finance Corporation (PFC) has successfully transferred Kurnool III PS RE Transmission Limited to Power Grid Corporation of India Limited (PGCIL) for ₹190.40 crore on March 27, 2025. The transferred entity was previously a wholly-owned subsidiary of PFC Consulting Limited. The transaction aims to strengthen the transmission system at Kurnool-III PS for integrating additional renewable energy generation projects. PFC reported that the financial contribution of the transferred entity was negligible in the last fiscal year. The transfer complies with Ministry of Power guidelines and is not considered a related party transaction or slump sale.

24Mar 25

Power Finance Corporation Expands Transmission Network with Two New SPVs

Power Finance Corporation (PFC) has incorporated two new special purpose vehicles (SPVs) through its subsidiary PFC Consulting Ltd. The SPVs, NES Dharashiv Transmission Limited and NES Navi Mumbai Transmission Limited, will focus on developing transmission networks for renewable energy evacuation and meeting data center energy demands in Maharashtra, respectively. This strategic move aims to enhance the state's power infrastructure, supporting both renewable energy integration and the growing data center industry.

21Mar 25

PFC Consulting Incorporates Two New Subsidiaries as Power Finance Corporation's Subsidiary Transfers Mundra I Transmission to Adani Energy Solutions

Power Finance Corporation (PFC) has incorporated two new subsidiaries through PFC Consulting Limited, signaling potential expansion. PFC Consulting also transferred Mundra I Transmission Limited to Adani Energy Solutions Limited for ₹18.65 crore on March 20, 2025. The transferred entity was established for a green hydrogen/ammonia transmission project in Gujarat. PFC clarified that the transaction's financial impact was negligible and not a related party transaction.

20Mar 25

PFC's Subsidiary Transfers Mundra I Transmission to Adani Energy Solutions for ₹18.65 Crore

Power Finance Corporation's wholly-owned subsidiary, PFC Consulting Limited, has transferred Mundra I Transmission Limited to Adani Energy Solutions Limited for ₹18.65 crore. The transaction, completed on March 20, 2025, involves a transmission system for supplying power to Green Hydrogen/Ammonia manufacturing in Gujarat's Mundra area. PFC states the financial impact is minimal, with negligible contributions from Mundra I Transmission Limited in the last fiscal year. The deal aligns with India's clean energy initiatives and complies with regulatory standards, with the consideration determined as per Ministry of Power guidelines.

18Mar 25

Power Finance Corp. Announces Fourth Interim Dividend of Rs 3.50 per Share

Power Finance Corporation (PFC) has announced a fourth interim dividend of Rs 3.50 per share for FY2025. The last day to buy shares is March 18, 2025, with a record date of March 19, 2025. The total payout is approximately Rs 1,155.00 crore, with the government expected to receive about Rs 647.00 crore. This dividend demonstrates PFC's strong financial position and commitment to shareholder returns.

12Mar 25

PFC Announces Fourth Interim Dividend of ₹3.50 Per Share, Plans ₹1,40,000 Crore Borrowing for FY 2025-26

Power Finance Corporation (PFC) has announced a fourth interim dividend of ₹3.50 per share for FY25. Additionally, the company plans to borrow up to ₹1,40,000 crore (about $17 billion) in FY 2025-26, excluding extra budgetary resources. This move aims to finance power sector projects and infrastructure development. The announcement led to a 1.1% increase in PFC's share price, reaching ₹404.00 on the BSE.

10Mar 25

PFC Board to Deliberate on Market Borrowing Plan and Potential Interim Dividend

Power Finance Corporation (PFC) has scheduled a board meeting for March 12, 2025, to consider the market borrowing program for FY 2025-2026 and potentially declare a 4th interim dividend for FY 2024-25. The borrowing program aims to raise resources through bonds, term loans, and commercial paper from domestic and international markets. PFC has closed the trading window for its equity shares and listed debt securities until further notice to prevent insider trading.

28Feb 25

Power Finance Corporation Inks Rs 26,800 Crore Deal with MP Power Utilities

Power Finance Corporation (PFC) has signed an agreement to provide Rs 26,800 crore in financing to Madhya Pradesh's power utilities. The funding is intended for capital expenditure projects including new thermal power units, solar power plants, and infrastructure upgrades. This deal is expected to significantly boost Madhya Pradesh's power generation capacity, push renewable energy adoption, and modernize the state's power infrastructure. For PFC, this agreement reaffirms its key role in India's power sector development and expands its loan portfolio in a major state market.

24Feb 25

Power Finance Corporation Reports Major Block Trade and Management Change

Power Finance Corporation Ltd. (PFC) experienced a significant block trade on NSE, with 2,022,198 shares traded at Rs. 382.10 per share, totaling Rs. 77.27 crores. Additionally, Shri Sanjay Mehrotra resumed his role as Executive Director (Finance) at PFC on February 17, 2025, after concluding his position at Grid Controller of India.

21Feb 25

Power Finance Corporation Expands Transmission Portfolio with New Subsidiary

Power Finance Corporation (PFC) has incorporated a new wholly owned subsidiary, Kakinada I Transmission Limited, under PFC Consulting Limited. The subsidiary will develop transmission systems for proposed Green Hydrogen and Green Ammonia projects in Kakinada (Phase-I). This SPV will conduct preparatory activities for the transmission project and will be transferred to the successful bidder selected through an International Competitive Bidding Process.

20Feb 25

Power Finance Corporation Expands: New Subsidiary for Kakinada Transmission Project

Power Finance Corporation (PFC) has incorporated a new wholly owned subsidiary, Kakinada I Transmission Limited, under PFC Consulting Limited. The subsidiary will develop transmission systems for green hydrogen and ammonia projects in Kakinada (Phase-I). It will act as a temporary entity to prepare for the project, including surveys, land acquisition, and forest clearances, before being transferred to a successful bidder selected through competitive bidding.

18Feb 25

Power Finance Corporation Sees Rs. 16.03 Crore Block Trade on NSE

Power Finance Corporation Ltd. (PFC) experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 432,571 shares at ₹370.50 per share, totaling ₹16.03 crore. This large-scale trade indicates strong institutional interest in PFC's stock. The company recently disclosed its unaudited financial results for Q3 and nine months ended December 31, 2023, demonstrating transparency in financial reporting.