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Latest news about Power Finance Corporation

Power Finance Corporation Records ₹30.07 Crores Block Trade on NSE at ₹393.10 Per Share 1 day ago Yesterday

Power Finance Corporation recorded a block trade on the National Stock Exchange (NSE) involving approximately 764,867 shares at ₹393.10 per share. The total value of the transaction stood at ₹30.07 crores. Such large-lot trades are generally associated with institutional-level activity and are reported in line with exchange disclosure norms.

Power Finance Corporation Q1 Results: Loan growth at 4% YoY, CLSA cuts target to ₹500 1 day ago Yesterday

PFC confirms book closure for 40th AGM on Aug 31 2 days ago

Power Finance Corporation Latest Results: Standalone PAT crosses ₹20,000 crore for first time in FY26 2 days ago

Power Finance Corporation Q1 Results: Net Profit rises to ₹47.45B YoY 3 days ago

More news about Power Finance Corporation

04Aug 26

Power Finance Corporation Q1 Results: Board Meeting Scheduled for August 7

Power Finance Corporation has announced a board meeting on August 7 to consider its Q1 financial results. The company has not disclosed any financial figures ahead of the scheduled meeting. Investors and stakeholders are expected to receive further details following the board's deliberations on August 7.

03Aug 26

Power Finance Corporation Transfers Two Transmission SPVs for Nearly ₹40 Crore

Power Finance Corporation, through its subsidiary PFC Consulting Limited, transferred two wholly owned transmission SPVs on August 3, 2026, for a combined consideration of ₹39,43,78,090. Ananthpuram Transmission Limited was sold to Apraava Energy Private Limited for ₹19,61,75,336, while Krishnagiri REZ Transmission Limited was divested to Power Grid Corporation of India Limited for ₹19,82,02,754, in line with Ministry of Power guidelines.

29Jul 26

PFC incorporates Benchigere Transmission Limited for Karnataka project

PFC has incorporated Benchigere Transmission Limited as an SPV through PFC Consulting to execute preparatory tasks for the 400kV Benchigere transmission system in Karnataka. This move supports the Tariff Based Competitive Bidding process, ensuring regulatory compliance before project transfer.

27Jul 26

PFC incorporates Kushtagi Transmission Limited for 765KV project

PFC establishes Kushtagi Transmission Limited as an SPV under PFC Consulting to facilitate the 765KV transmission project in Karnataka. The move follows regulatory approvals from the State Empowered Committee on Transmission and the Energy Department, ensuring efficient pre-bidding preparations.

23Jul 26

PFC Board Greenlights ₹9 Lakh Crore Borrowing Plan, Pending Shareholder Nod

Power Finance Corporation Ltd's Board of Directors, at its meeting on July 23, 2026, approved a borrowing ceiling of ₹9,00,000 crore in Indian Rupee and USD 25 billion in foreign currency under sections 180(1)(a) and 180(1)(c) of the Companies Act 2013. The approval also covers mortgaging of all movable and immovable properties to secure borrowings. The enhanced limits are subject to final shareholder consent through appropriate corporate governance mechanisms.

21Jul 26

Power Finance Corporation Records ₹72.59 Crore Block Trade on NSE at ₹413.80 Per Share

Power Finance Corporation witnessed a new block trade on the NSE valued at ₹72.59 crores, with approximately 17,54,316 shares changing hands at ₹413.80 per share. The transaction highlights sustained institutional interest in the company's stock, with block trades of this nature typically executed outside the regular order book to minimise price impact.

14Jul 26

PFC incorporates Satara Power Transmission for network expansion

Power Finance Corporation Ltd incorporated Satara Power Transmission Limited as a wholly owned subsidiary to execute a network expansion scheme in the Western Region. The SPV, established by PFC Consulting Limited, will facilitate transmission infrastructure for a 4500 MW pumped storage project near Satara. PFC Consulting Limited acts as the Bid Process Coordinator, overseeing preparatory activities and the eventual transfer of the SPV to a successful bidder selected through tariff-based competitive bidding.

11Jul 26

Power Finance Corporation prices $300 million Floating Rate Notes due 2029

Power Finance Corporation has priced $300 million Floating Rate Notes due 2029 under its $8 billion Global Medium Term Note Programme. The notes have a maturity of 3 years and a coupon of O/N SOFR + 110 bps per annum, with interest paid quarterly. Proceeds will be used in accordance with RBI external commercial borrowing guidelines.

01Jul 26

PFC transfers Kakinada I Transmission to Power Grid for ₹20.50 crore

Power Finance Corporation has transferred its wholly-owned subsidiary, Kakinada I Transmission Limited, to Power Grid Corporation of India for a consideration of ₹20,50,66,293. The transfer, completed on June 29, 2026, followed a competitive bidding process and was established for green hydrogen and ammonia transmission projects. The transaction is not a related party transaction or slump sale, with consideration determined by Ministry of Power guidelines.

25Jun 26

Power Finance Corporation fixes record date for ₹3.95 dividend

Power Finance Corporation Ltd has established Friday, July 31, 2026, as the record date for a final dividend of ₹3.95 per equity share for FY 2025-26, subject to AGM approval. The company stated that tax will be deducted at source as per the Income Tax Act, 1961, and requests for lower deduction must be submitted by July 31, 2026.

25Jun 26

PFC appoints V. Packirisamy and Pankaj Gupta as directors

Power Finance Corporation Ltd appointed Shri V. Packirisamy as Director (Commercial) and Shri Pankaj Gupta as Part-time Non-Official Director on its Board effective June 2, 2026, and June 22, 2026, respectively. The appointments were approved by the Board on June 24, 2026, following orders from the Ministry of Power.

24Jun 26

PFC prices $300 million 5.32% notes due 2031

Power Finance Corporation has priced U.S. $300 million 5.32% notes due 2031 under its Global Medium Term Note Programme. The notes, priced on June 22, 2026, carry a semi-annual coupon and mature on June 30, 2031. Proceeds will be used per RBI external commercial borrowing guidelines.

23Jun 26

PFC and REC Boards Set to Review Proposed Merger Scheme on June 28

Power Finance Corporation and REC Limited have scheduled board meetings on June 28, 2026, to consider a proposed merger scheme under the Companies Act, 2013, and SEBI regulations. REC Limited has closed its trading window effective May 14, 2026, prohibiting designated persons and their immediate relatives from buying, selling, or pledging the company's shares until further notice.

23Jun 26

Bihar Infrapower struck off by RoC following Ministry of Power approval

Bihar Infrapower Limited, a wholly owned subsidiary of Power Finance Corporation, has been struck off by the Registrar of Companies under Section 248 of the Companies Act 2013. The SPV was incorporated in 2015 for the Banka UMPP but was later closed following Ministry of Power approval on November 27, 2025.

11Jun 26

REC receives Presidential approval for merger into PFC

REC Limited has secured Presidential approval for its merger into Power Finance Corporation, as conveyed by the Ministry of Power on June 10, 2026. This follows the Board's decision in May to seek the necessary consent, clearing a key regulatory step for the consolidation of the two state-owned lenders.

03Jun 26

Shri V. Packirisamy assumes charge as Director (Commercial)

Shri V. Packirisamy has assumed charge as Director (Commercial) on the Board of Power Finance Corporation effective June 2, 2026, pursuant to an order from the Ministry of Power. He brings over 33 years of experience and will serve until superannuation or further orders.

02Jun 26

Power Finance Corporation: Four Subsidiaries Struck Off by ROC Effective June 1

Power Finance Corporation has had four associated entities formally struck off by the Registrar of Companies effective June 1, including PFC Projects Limited and three fully owned subsidiaries — Deoghar Infra Limited, Deoghar Mega Power Limited, and Jharkhand Infrapower Limited. The regulatory action marks the complete deregistration and formal closure of these entities under applicable corporate laws.

02Jun 26

PFC Executive Director G. Jawahar retires on superannuation

Power Finance Corporation Ltd. announced the retirement of Shri G. Jawahar from the position of Executive Director effective May 31, 2026, due to superannuation. The disclosure was made in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

30May 26

PFC transfers TUMKUR II RE Transmission to Power Grid for ₹15.46 crore

Power Finance Corporation Limited transferred its wholly owned subsidiary, TUMKUR II RE Transmission Limited, to Power Grid Corporation of India Limited on May 29, 2026, for ₹15,46,38,881. The SPV was established for the Transmission System Strengthening at Tumkur-II project to integrate 1.5 GW of renewable energy. The transaction, executed via PFC Consulting Limited, is not a related party transaction or a slump sale, with consideration determined by Ministry of Power guidelines.

30May 26

PFC transfers subsidiary to Resonia for Rs 20.94 crore

Power Finance Corporation Limited transferred its wholly owned subsidiary, Kurnool IV REZ Power Transmission Limited, to Resonia Limited for Rs 20.94 crore on May 29, 2026. The transaction, completed under Regulation 30, was not a slump sale and was based on Ministry of Power guidelines.

28May 26

PFC transfers subsidiary for Rs 19.7 crore

Power Finance Corporation transferred its wholly owned subsidiary, NERGS III Siang Basin Transmission Limited, to Dineshchandra R. Agrawal Infracon Private Limited for Rs 19,70,61,135. The transaction, completed on May 26, 2026, was not a slump sale and was conducted at arm's length.

21May 26

PFC Net Profit Rises 16% to INR 20,051 Cr in FY26

Power Finance Corporation achieved its highest ever net profit of INR 20,051 crore in FY26, a 16% increase from the previous year, driven by net interest income growth and provision reversals. The loan book grew 7% to INR 5.8 lakh crore, while asset quality improved with a net NPA ratio of 0.15%. The company proposed a total dividend of INR 18.55 per share and targets 10% loan growth in FY27.

19May 26

PFC Q4 & FY26 Results: Standalone Net Profit ₹6,324.57 Cr, Final Dividend ₹3.65/Share

Power Finance Corporation reported Q4 FY26 standalone net profit of ₹6,324.57 crore (vs ₹5,108.95 crore YoY) and full-year standalone net profit of ₹20,051.34 crore. The Board recommended a final dividend of ₹3.65 per share for FY26, with the loan book at ₹5,80,115 crore and net worth at ₹1,02,531.94 crore.

16May 26

REC Board Reserves PFC Merger Proposal for Presidential Approval

REC Limited's Board reserved the proposal to merge into Power Finance Corporation Limited for the approval of the Hon'ble President of India, under Sections 230-232 of the Companies Act, 2013. The CMD is authorized to seek approval, with the share exchange ratio to be determined by valuers, subject to the merged entity maintaining its status as a 'Government Company'. The Board also appointed Mr. Mohammed Azaz Ali as Chief Compliance Officer effective May 17, 2028, until his superannuation on June 30, 2028.

14May 26

Morgan Stanley Maintains Overweight on Power Finance Corp, Sets Target Price of ₹525

Morgan Stanley has maintained an Overweight rating on Power Finance Corporation with a target price of ₹525, supported by management's FY27 guidance for 10% loan growth and stable loan spreads of 2.4–2.5%. The brokerage highlights expectations of lower loan churn and the REC merger completion by April 2027 as key positives. However, it cautions that credit costs may normalize after FY26 provision reversals of around ₹18 billion, driven by recoveries and rating upgrades.

09May 26

PFC Consulting Incorporates Three Transmission SPVs for Maharashtra Projects

Power Finance Corporation Limited announced the incorporation of three SPVs under PFC Consulting Limited for Maharashtra transmission projects, covering a 765 kV GIS at Pune West, a 400 kV GIS at Igatpuri/Murbad (Thane), and a 400 kV AIS at Hingoli West. The SPVs were incorporated under the TBCB framework with PFCCL acting as Bid Process Coordinator, and will be transferred to the successful bidder post-bidding.

06May 26

PFC-REC Merger Plan Targets April 1 Completion; Draft Scheme Expected This Month

Power Finance Corporation and REC are targeting April 1 as the completion date for their proposed merger. The draft scheme for the merger is expected to be released this month, as reported by Moneycontrol. The development represents a significant step in the consolidation of two major state-owned power sector financing institutions in India. No further financial details or merger terms have been disclosed in the available data.

05May 26

Power Finance Corporation Board Meeting Scheduled for May 13, 2026 to Consider FY26 Audited Results and Final Dividend

Power Finance Corporation Limited has scheduled a Board of Directors meeting on May 13, 2026, to consider audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to deliberate on a final dividend for FY2025-26. The company has enforced a trading window closure on equity shares and listed debt securities from April 1, 2026, which will reopen from May 16, 2026. The intimation was filed with both NSE and BSE pursuant to Regulation 29 of SEBI (LODR) Regulations, 2015, and was signed by Company Secretary & Compliance Officer Manish Kumar Agarwal on May 05, 2026.

01May 26

Power Finance Corporation incorporates five wholly owned subsidiaries for transmission projects

Power Finance Corporation Limited's wholly owned subsidiary PFC Consulting Limited has incorporated five Special Purpose Vehicle companies for the development of transmission projects under tariff-based competitive bidding. The SPVs will handle preparatory activities including surveys, land acquisition, and forest clearance for projects in Gujarat, Andhra Pradesh, and Tamil Nadu, with capacities ranging from 1GW to 7.5GW. The entities will be transferred to successful bidders selected through the International Competitive Bidding Process.

01May 26

Power Finance Corporation Director Rajiv Ranjan Jha to Cease Role Due to Superannuation on May 1, 2026

Power Finance Corporation Limited has announced that Shri Rajiv Ranjan Jha will cease his role as Director (Projects) effective May 1, 2026, upon reaching superannuation age. Jha was appointed in October 2021 under a Ministry of Power order with tenure until superannuation or further orders. The company has notified stock exchanges under SEBI regulations about this board change.

30Apr 26

Power Finance: Company Names Rajesh Kumar Agarwal As New CFO

Power Finance Corporation Limited has appointed Shri Rajesh Kumar Agarwal as Director (Finance) and Chief Financial Officer effective April 23, 2026. The appointment was formalized by the Board of Directors on April 30, 2026, following official authorization from the Ministry of Power, Government of India. This dual leadership role consolidates financial management responsibilities within the organization and represents a significant development in the company's executive structure.

17Apr 26

Power Finance Corporation Announces Cessation of Three Independent Directors Upon Tenure Completion

Power Finance Corporation Limited announced the cessation of three Non-Official Independent Directors - Smt. Usha Sajeev Nair, Shri Prasanna Tantri, and Shri Naresh Dhanrajbhai Kella - effective April 17, 2026, following completion of their one-year tenure. All three directors were appointed on April 17, 2025, through Ministry of Power, Government of India orders and naturally concluded their service upon tenure completion. The company filed the intimation under SEBI Regulation 30 to both NSE and BSE, ensuring proper regulatory compliance and transparency in corporate governance.

15Apr 26

Power Finance Corp Forms Four Special Purpose Vehicles for 765kV and 400kV Transmission Projects

Power Finance Corporation Limited has established four Special Purpose Vehicles through its subsidiary PFC Consulting Limited to develop transmission infrastructure projects in Rajasthan and Karnataka. The SPVs will handle 765kV transmission systems in Babai and Bikaner, Rajasthan, and 400kV systems in Humnabad and Hebbani, Karnataka, with regulatory approvals secured from respective state governments.

07Apr 26

Power Finance Corporation Independent Director Bhaskar Bhattacharya Resigns Due to Election Candidature

Power Finance Corporation announced the resignation of Independent Director Shri Bhaskar Bhattacharya effective April 1, 2026, as he prepares to contest the West Bengal Assembly elections from Serampore constituency. The company provided regulatory notifications to stock exchanges and confirmed that Bhattacharya held no directorships in other listed entities at the time of his resignation.

01Apr 26

Power Finance Corporation Announces Board Changes Following Superannuation of Two Directors

Power Finance Corporation Limited has announced board changes following the superannuation of Shri Manoj Sharma (Director Commercial) and Shri Sandeep Kumar (Director Finance) effective April 1, 2026. Both directors, appointed by the Ministry of Power, completed their tenure upon reaching superannuation age as scheduled in their original appointment orders. The company has duly informed stock exchanges in compliance with SEBI regulations regarding these material changes in board composition.

31Mar 26

Power Finance Corporation Transfers South Kalamb Transmission to Adani Energy for Rs. 12.53 Crore

Power Finance Corporation has successfully transferred South Kalamb Power Transmission Limited to Adani Energy Solutions Limited for Rs. 12.53 crore through a share purchase agreement completed on March 30, 2026. The transaction, announced via regulatory filing, involves a transmission project for network expansion at South Kalamb substation and represents a strategic divestment that does not constitute a related party transaction.

28Mar 26

Power Finance Corporation transfers Wagdari Transmission Limited to KCC Buildcon for Rs. 4.41 crore

Power Finance Corporation Limited completed the transfer of Wagdari Transmission Limited to KCC Buildcon Private Limited for Rs. 4.41 crore on March 27, 2026. The subsidiary was established for developing a 400/220 kV transmission scheme in Solapur district. The buyer is not related to PFC's promoter group, and the transaction follows Ministry of Power guidelines.

17Mar 26

Power Finance Corporation Trading Window to Reopen March 20, 2026

Power Finance Corporation Limited announced that its trading window for equity shares and listed debt securities will reopen on March 20, 2026, following closure until March 19, 2026. The notification was issued on March 17, 2026, to NSE and BSE under the company's insider trading code by Company Secretary Manish Kumar Agarwal.

17Mar 26

PFC Board Officially Approves ₹1,60,000 Crore Fundraising Program and ₹3.25 Dividend

Power Finance Corporation's board meeting on March 17, 2026, resulted in approval of comprehensive ₹1,60,000 crore fundraising program for FY 2026-27 through domestic and international borrowing instruments, alongside declaration of fourth interim dividend of ₹3.25 per share for FY 2025-26 with electronic payment mode and regulatory compliance requirements.

17Mar 26

Power Finance Corporation dissolves wholly owned subsidiary GIPCL effective March 16, 2026

Power Finance Corporation Limited has announced the dissolution of its wholly owned subsidiary Ghogarpalli Integrated Power Company Limited (GIPCL) effective March 16, 2026, under section 248 of the Companies Act 2013. GIPCL, incorporated in 2008 as an SPV for a 4000 MW power project in Odisha, received closure approval from the Ministry of Power on November 27, 2025. The company clarified that GIPCL was not a material subsidiary, indicating minimal impact on overall operations.

13Mar 26

Power Finance Corporation Transfers Pune East Transmission Unit to PGCIL for ₹8.04 Crore

Power Finance Corporation has transferred its wholly owned subsidiary NES Pune East New Transmission Limited to Power Grid Corporation of India Limited for ₹8.04 crore. The subsidiary was established for transmission infrastructure development in Maharashtra's Pune region and the transaction was completed following regulatory guidelines from the Ministry of Power.

12Mar 26

PFC Transfers NES Dharashiv Transmission Limited to Montecarlo for Rs 3.61 Crore

Power Finance Corporation has successfully transferred its wholly owned subsidiary NES Dharashiv Transmission Limited to Montecarlo Limited for Rs 3,61,11,559 through a competitive bidding process. The subsidiary was established for developing transmission infrastructure for renewable energy power evacuation in Dharashiv, Beed District, Maharashtra, with the transaction conducted in compliance with Ministry of Power guidelines.

12Mar 26

Power Finance Corporation strikes off wholly owned subsidiary SIPCL following project closure

Power Finance Corporation Limited announced the strike off of its wholly owned subsidiary Sakhighopal Integrated Power Company Limited (SIPCL) effective March 9, 2026, under Section 248 of Companies Act 2013. SIPCL was incorporated in 2008 as a Special Purpose Vehicle for a 4000 MW Ultra Mega Power Project in Odisha, which was subsequently closed. The Ministry of Power approved the closure on November 27, 2025, followed by MCA approval.

27Feb 26

PFC Consulting Transfers Subsidiary Saswad Transmission To Maharashtra State Electricity For ₹3.79 Crore After Winning Bidding Process

Power Finance Corporation Limited has successfully transferred its wholly owned subsidiary Saswad Transmission Limited to Maharashtra State Electricity Transmission Company Limited for ₹3.79 crore following a competitive bidding process. The subsidiary was established for developing a 400/220 kV AIS Substation at Saswad, Pune, and the transaction represents PFC's strategic portfolio optimization in the power transmission sector.

12Feb 26

PFC-REC Merger Update: Implementation Framework and Synergies Detailed

Power Finance Corporation and REC Limited have provided comprehensive details about their proposed merger implementation following board approval on February 6, 2026. The merger, triggered by Union Budget 2026-27 announcement, aims to create India's largest power sector financier with improved synergies, maintained government control, and focus on emerging technologies like Green Hydrogen and energy storage solutions.

11Feb 26

Power Finance Corporation Announces Q3 FY26 Results with 14.7% Profit Growth

Power Finance Corporation delivered robust Q3 FY26 performance with 14.7% profit growth to ₹4,763.33 crore and total income rising 12.4% to ₹14,655.84 crore. The Board approved third interim dividend of ₹4.00 per share with record date February 20, 2026, while ensuring full regulatory compliance through newspaper publication of results under SEBI LODR Regulations.

04Feb 26

Power Finance Corporation Transfers Two Transmission Subsidiaries for ₹41.98 Crore

Power Finance Corporation has officially transferred two wholly owned transmission subsidiaries through PFC Consulting Limited for a combined ₹41.98 crore. The subsidiaries, focused on grid strengthening and renewable energy transmission projects, were sold to Power Grid Corporation of India Limited and Enerica Infra 1 Private Limited respectively through competitive bidding process in compliance with Ministry of Power guidelines.

02Feb 26

Power Finance Corporation Board Meeting Scheduled for February 5, 2026 to Consider 3rd Interim Dividend Declaration

Power Finance Corporation Limited has scheduled a Board of Directors meeting for February 5, 2026, to consider declaring a 3rd interim dividend for FY 2025-26. The company notified stock exchanges on February 2, 2026, maintaining regulatory compliance under Regulation 30. This represents the third interim dividend consideration for the current financial year, reflecting the Maharatna company's commitment to regular shareholder returns.

02Feb 26

Power Finance Corporation Board Meeting Set for February 5 to Review Q3FY26 Results

Power Finance Corporation Limited announced a Board meeting on February 05, 2026, to review unaudited financial results for Q3FY26, covering both standalone and consolidated results for the quarter and nine months ended December 31, 2025. The company has implemented trading window restrictions from January 01 to February 07, 2026, affecting all securities to ensure compliance with insider trading regulations.

30Jan 26

Power Finance Corporation Executes Rs. 19.32 Crore Block Trade on NSE

Power Finance Corporation Ltd. completed a block trade worth Rs. 19.32 crores on NSE involving 508,964 shares at Rs. 379.55 per share. The transaction represents significant institutional investor activity and demonstrates market interest in the company's stock at current price levels.

22Jan 26

PFC's Zero Coupon Bonds Offer Tax-Efficient Investment Option with 6.95% Yield

Power Finance Corporation's zero coupon bonds offer retail investors a 6.95% yield with significant tax advantages, as gains qualify for long-term capital gains taxation at 12.5% plus education cess. The bonds provide superior post-tax returns of 6.04% compared to bank deposits (4.24%) and tax-free bonds (5.10%-5.15%). The issue closes January 30 with stock exchange listing for liquidity.

13Jan 26

PFC Announces ₹5,000 Crore NCD Issue - Largest Retail Bond Offering in Nearly 8 Years

Power Finance Corporation announced a ₹5,000 crore NCD issue, the largest retail bond offering in nearly 8 years, opening January 16, 2026. The issue offers tenors from 5-15 years with coupon rates ranging from 6.85% to 7.30%, featuring AAA ratings from major agencies. At least 75% of proceeds will fund onward lending activities, with the remaining supporting general corporate purposes.

12Jan 26

Power Finance Corporation Plans ₹5,000 Crore Public Bond Issue at 6.85-7.30% Interest Rate

Power Finance Corporation announces ₹5,000.00 crore public bond issue with 6.85-7.30% coupon rates, scheduled to open January 16, 2026. The AAA-rated bonds will utilize 75% of proceeds for lending activities and 25% for corporate purposes. This follows three withdrawn private placements due to investor demands for higher yields amid rising government bond yields.

12Jan 26

PFC Board Approves ₹5,000 Crore Public Issue of NCDs Under Shelf Fundraising Program

Power Finance Corporation's board has approved a public issue of secured NCDs worth up to ₹5,000 crores on January 12. The NCD issuance is part of the Maharatna PSU's broader ₹10,000-crore shelf fundraising program, providing strategic flexibility for capital market access.

10Jan 26

Power Finance Corporation Launches ₹5,000 Crore Public Issue of Non-Convertible Debentures

Power Finance Corporation Limited has launched a ₹5,000 crore public issue of secured NCDs with a base size of ₹500 crores and oversubscription option up to ₹4,500 crores. The issue offers five series with tenors ranging from 5 to 15 years, providing effective yields between 6.80% to 7.30% across different investor categories. The NCDs are secured by hypothecation of book debts with 100% security cover and will be listed on NSE, with the issue opening on January 16, 2026.

11Dec 25

Power Finance Corporation Forms New Subsidiary for Latur Transmission Project

Power Finance Corporation has formally incorporated Latur Rez Transmission Limited as a wholly owned subsidiary on December 11, 2025, to develop transmission infrastructure in Maharashtra. The company was appointed by MSETCL as Bid Process Coordinator for selecting transmission service providers through competitive bidding, with the subsidiary handling preparatory activities before transfer to the successful bidder.

21Nov 25

PFC Consulting Limited Incorporates SPV for NERGS-III Siang Basin Transmission Project

Power Finance Corporation's subsidiary, PFC Consulting Limited, has incorporated a new Special Purpose Vehicle named NERGS III Siang Basin Transmission Limited. This SPV will handle preparatory activities for the NERGS-III Siang Basin transmission project, including surveys, reports, land acquisition, and forest clearances. The Ministry of Power appointed PFCCL as the Bid Process Coordinator to select a Transmission Service Provider through a competitive bidding process. After bidding, the SPV will be transferred to the successful bidder, adhering to government guidelines.

18Nov 25

Power Finance Corporation Appoints New Chief Risk Officer

Power Finance Corporation (PFC) has appointed Shri Deepak Jain as its new Chief Risk Officer. Jain, previously serving as Chief General Manager at PFC, will assume the role from November 1, 2025, to April 15, 2026. This appointment aligns with PFC's commitment to strengthening its risk management practices in the power financing sector. The company has informed stock exchanges about this change in compliance with regulatory requirements.

17Nov 25

PFC Subsidiary Incorporates Raigad Power Transmission Limited for Maharashtra Grid Project

Power Finance Corporation (PFC) has incorporated a new Special Purpose Vehicle (SPV) named Raigad Power Transmission Limited through its subsidiary PFC Consulting Limited (PFCCL). The SPV will develop a 765/400/220 kV transmission system in Maharashtra's Raigad district. PFCCL, appointed as the Bid Process Coordinator by Maharashtra State Electricity Transmission Company Limited, will select a Transmission Service Provider through a competitive bidding process. The SPV will conduct preparatory activities and will be transferred to the successful bidder upon completion of the bidding process.

12Nov 25

Power Finance Corporation Reports 17% Profit Growth in H1, Declares Rs 3.65 Interim Dividend

Power Finance Corporation (PFC) reported strong financial results for the first half of the fiscal year. Consolidated profit after tax increased by 17% year-on-year to Rs 16,816 crores. Standalone net profit rose 10.8% to Rs 8,960 crores. The loan asset book grew by 14% to Rs 5,61,210 crores, while disbursements increased by 30% to Rs 86,000 crores. Asset quality improved with gross NPA falling to 1.87% and net NPA reaching a 10-year low of 0.37%. The board declared an interim dividend of Rs 3.65 per share, bringing the cumulative interim dividend for the fiscal year to Rs 7.35 per share. PFC also entered its first cross-border financing deal in Bhutan worth Rs 4,800 crores for a hydro power project.

11Nov 25

PFC Reports 2% YoY Profit Growth in Q2 FY26, Declares Interim Dividend

Power Finance Corporation (PFC) reported a 2% year-on-year increase in standalone net profit to ₹4,462.00 crore for Q2 FY26. Net interest income grew by 20% to ₹5,290.00 crore, while total revenue from operations rose 12% to ₹14,755.00 crore. Consolidated net profit increased by 9% to ₹7,834.00 crore. The company declared a second interim dividend of ₹3.65 per share with a record date of November 26, 2025. Despite financial growth, PFC shares declined 2.85% over two trading sessions following the results announcement.

10Nov 25

PFC Consulting Expands Portfolio: Alibag Power Transmission Becomes New Subsidiary

Power Finance Corporation's (PFC) subsidiary, PFC Consulting Limited (PFCCL), has incorporated Alibag Power Transmission Limited as a wholly-owned subsidiary. This Special Purpose Vehicle (SPV) will prepare for a 765/400/220 kV AIS project in Dolvi, Maharashtra. The SPV will conduct surveys, initiate land acquisition, and seek clearances. PFCCL, appointed as Bid Process Coordinator by MSETCL, will develop the transmission scheme and transfer the SPV to the successful bidder after the competitive bidding process.

07Nov 25

Power Finance Corp Reports 2% Growth in Q2 Net Profit to 44.6 Billion Rupees

Power Finance Corporation (PFC) reported a net profit of 44.60 billion rupees for Q2 FY2025-26, up 2.06% from 43.70 billion rupees in Q2 FY2024-25. Revenue grew by 11.82% to 147.60 billion rupees from 132.00 billion rupees year-over-year. The company's Board of Directors approved these results on November 7, 2025. The growth in both revenue and net profit indicates PFC's successful expansion of its loan book and effective cost management in the power sector financing domain.

06Nov 25

PFC to Announce Q2 Results, Considers Second Interim Dividend

Power Finance Corporation (PFC) will release its Q2 and H1 FY 2025-26 financial results on November 7, 2025, followed by an earnings call. The board will consider a second interim dividend. PFC's trading window for designated employees is closed from October 1 to November 9. In the previous quarter, PFC reported a 25.1% YoY increase in consolidated net profit to ₹8,981.45 crore and a 15.5% rise in total revenue to ₹28,539.04 crore. The company's stock has shown mixed performance, with a 52-week high of ₹523.90 and a low of ₹357.25.

03Nov 25

Power Finance Corporation to Consider Second Interim Dividend for FY 2025-26

Power Finance Corporation Limited's Board of Directors will meet on November 7, 2025, to consider declaring a second interim dividend for the fiscal year 2025-26. The company has notified both NSE and BSE about this meeting. Additionally, PFC has scheduled an earnings call on the same day at 3:00 PM IST to discuss the company's performance for the quarter ended September 30, 2025, with key management members participating.

31Oct 25

Power Finance Corporation Executive Director Sanjay Sharma Retires

Power Finance Corporation Limited (PFC) announced that Executive Director Sanjay Sharma will retire on October 31, 2025, upon reaching superannuation age. The company disclosed this information to the NSE and BSE in compliance with SEBI regulations. No information about a successor or potential impact on operations was provided.

16Oct 25

Power Finance Corporation Transfers Subsidiary to Power Grid for ₹19.84 Crore

Power Finance Corporation Limited (PFC) has transferred its wholly-owned subsidiary, Vindhyachal Varanasi Transmission Limited, to Power Grid Corporation of India Limited for ₹19.84 crore. The transaction was completed on October 16, 2025. The subsidiary was established to strengthen the inter-regional transmission system between Northern and Western regions. The transfer aligns with efforts to optimize national power transmission infrastructure. The subsidiary had negligible contribution to PFC's financials in the last year. The transaction consideration was determined as per Ministry of Power guidelines.

09Oct 25

Power Finance Corporation Divests Subsidiary to Power Grid Corporation for ₹7.29 Crore

Power Finance Corporation (PFC) has sold its subsidiary, Mandsaur I RE Transmission Limited, to Power Grid Corporation of India for ₹7.29 crore. The transaction is not classified as a related party transaction or a slump sale. This strategic move could potentially streamline operations for both entities and impact the power sector landscape in India.

01Oct 25

PFC Teams Up with Export Finance Australia and Citi to Boost Clean Energy Funding in India

Power Finance Corporation (PFC) has formed a strategic partnership with Export Finance Australia and Citi to enhance funding support for India's clean energy transition. This collaboration aims to improve access to financial resources for clean energy projects, foster international cooperation, and diversify funding sources for sustainable energy initiatives in India.

30Sept 25

PFC Establishes New SPV for Power Transmission Project Development

Power Finance Corporation (PFC) has incorporated 'South Kalamb Power Transmission Limited' as a wholly-owned subsidiary of PFC Consulting Limited (PFCCL) for a specific transmission scheme development. The SPV will focus on the 'Network Expansion Scheme for drawal of power at South Kalamb S/s: Part A.' The Ministry of Power appointed PFCCL as the Bid Process Coordinator to select a Transmission Service Provider through a Tariff Based Competitive Bidding Process. The SPV will conduct surveys, prepare reports, initiate land acquisition, and seek forest clearance if needed. After the bidding process, the SPV will be transferred to the successful bidder for further project development.

29Sept 25

Khorlochhu Hydro Power Secures ₹4,829 Crore Loan from Power Finance Corporation

Power Finance Corporation (PFC), a state-owned financial institution, has entered into a loan agreement with Khorlochhu Hydro Power Ltd for ₹4,829.00 crore. This substantial funding is expected to support Khorlochhu Hydro Power's operations, potentially financing hydro power projects, improving infrastructure, and enhancing the company's financial stability. The agreement highlights PFC's continued support for India's power sector, particularly in renewable energy solutions.

25Sept 25

Power Finance Corporation Establishes TUMKUR II RE TRANSMISSION LIMITED for Renewable Energy Integration

Power Finance Corporation (PFC) has incorporated TUMKUR II RE TRANSMISSION LIMITED as a wholly-owned subsidiary of PFC Consulting Limited. This Special Purpose Vehicle (SPV) will develop a transmission system strengthening project at Tumkur-II to integrate 1.50 GW of additional renewable energy potential. The SPV will conduct initial project activities before being transferred to a successful bidder selected through a competitive process. This move aligns with India's efforts to enhance its renewable energy infrastructure.

03Sept 25

PFC in Focus as India and Germany Discuss Green Hydrogen and Green Financing

Power Finance Corporation (PFC) gains attention following diplomatic talks between India and Germany on green energy initiatives. External Affairs Minister S. Jaishankar revealed discussions on green hydrogen and green financing, potentially opening new avenues for PFC in the power sector. As a leading financial institution, PFC is well-positioned to channel investments towards green energy projects, including green hydrogen. This development signals a possible shift in energy financing priorities, with PFC potentially adapting its strategies to align with the growing emphasis on sustainable and clean energy projects.

29Aug 25

PFC Secures ₹3,500 Crore Loan from JBIC for Clean Energy Projects in India

Power Finance Corporation (PFC) has signed a loan agreement of 60 billion Japanese Yen (approximately ₹3,500 crore) with Japan Bank for International Cooperation (JBIC) to finance clean energy projects in India. The agreement, part of JBIC's initiative for economic growth and environmental preservation, includes co-financing from Sumitomo Mitsui Banking Corporation and other Japanese banks. A portion of the funding will support a bio-ethanol plant in Assam using bamboo as feedstock. This collaboration aims to accelerate India's clean energy initiatives and contribute to the country's sustainable development goals.

22Aug 25

PFC Establishes New Subsidiary for Inter-Regional Grid Strengthening Project

Power Finance Corporation (PFC) has established a new wholly-owned subsidiary, 'SR AND ER Power Transmission Ltd.', to develop an Inter-Regional Grid Strengthening Project between Southern and Eastern regions of India. This Special Purpose Vehicle (SPV) was formed by PFC Consulting Limited (PFCCL) in response to a directive from the Ministry of Power. The SPV will conduct preparatory activities including surveys, land acquisition, and seeking forest clearance. After the bidding process, the SPV will be transferred to the successful bidder for further project development.

14Aug 25

PFC Sets August 18 as Dividend Record Date; Multiple Companies Follow Suit

Power Finance Corporation (PFC) and several other companies have announced August 18, 2025, as the record date for their upcoming dividend payouts. The last day to buy PFC shares for dividend eligibility is August 17, 2025. Companies sharing this record date include Aarti Industries, Bright Brothers, DHP India, JK Paper, and Lakshmi Electrical Control Systems, with dividend rates ranging from 20% to 50%. This alignment of record dates offers investors an opportunity to diversify dividend income across multiple sectors.

06Aug 25

PFC Reports 25% Jump in Net Profit to Rs 8,981 Crore, Declares Interim Dividend

Power Finance Corporation (PFC) reported a 25% year-on-year increase in net profit to ₹8,981.45 crore for the quarter ended June 30. Revenue from operations rose by 15.5% to ₹28,539.04 crore. The company declared an interim dividend of ₹3.70 per equity share. PFC maintained strong asset quality with a gross credit impaired assets ratio of 1.47% and a net credit impaired assets ratio of 0.31%. The company's net worth stood at ₹1,22,994.30 crore with a debt-to-equity ratio of 5.98.

06Aug 25

Power Finance Corporation Reports 21% Surge in Q1 Profit, Declares Rs 3.70 Interim Dividend

Power Finance Corporation (PFC) announced strong Q1 results with a 21% increase in standalone net profit to Rs 4,501.50 crore. Total income rose by 15.6% to Rs 13,776.78 crore, driven by a 16.2% growth in interest income. The company declared an interim dividend of Rs 3.70 per share. Consolidated net profit surged to Rs 8,981.45 crore. Asset quality improved with Gross Credit Impaired Assets Ratio decreasing to 1.92%. Management highlighted PFC's resilience and strong fundamentals.

04Aug 25

PFC to Announce Q1 FY26 Results on August 6, Board to Consider Interim Dividend

Power Finance Corporation (PFC) will release its Q1 FY26 financial results on August 6. The board meeting will consider unaudited standalone and consolidated financial results, as well as a potential interim dividend declaration. PFC has implemented a trading window closure from July 1 to August 8 for equity shares and listed debt securities. In Q4 FY25, PFC reported a 19.40% increase in total income to Rs 13,721.47 crore and a 24.00% rise in net profit to Rs 5,108.90 crore. The stock has shown mixed performance, with a 1.25% increase over the past five trading sessions but declines of 8.54% year-to-date and 17.68% over the past year.

30Jul 25

Power Finance Corporation Schedules Board Meeting for Q1 Results and Interim Dividend Consideration

Power Finance Corporation (PFC) has scheduled a board meeting for August 6, 2025, to review unaudited Q1 financial results ending June 30, 2025, and consider an interim dividend for FY 2025-26. The company has implemented a trading window closure from July 1 to August 8, 2025, prohibiting designated persons from trading in PFC securities during this period.

29Jul 25

Power Finance Corporation Transfers Subsidiary to H.G. Infra Engineering for Rs. 8.16 Crore

Power Finance Corporation (PFC) has completed the transfer of its wholly-owned subsidiary, Angul Sundargarh Transmission Limited, to H.G. Infra Engineering Limited for Rs. 8.16 crore. The transaction, completed on July 28, 2025, is part of PFC's strategic portfolio management. The subsidiary was established for the Eastern Region Generation Scheme-I. H.G. Infra Engineering, the successful bidder, is not related to PFC's promoter group. The subsidiary's contribution to PFC's financials was negligible. The sale complies with regulatory requirements and aligns with PFC's strategy to focus on core activities.

24Jul 25

Power Finance Corporation Completes Transfer of Two Transmission Subsidiaries

Power Finance Corporation (PFC) has completed the transfer of two wholly-owned subsidiaries to private bidders. Raghanesda RE Transmission Limited was sold to Dineshchandra R. Agrawal Infracon Private Limited for ₹10.14 crore, while NER Expansion Transmission Limited was transferred to Resonia Limited for ₹13.00 crore. Both subsidiaries were originally owned by PFC Consulting Limited. The transactions are not related party deals and comply with regulatory guidelines. The financial impact is expected to be minimal as the subsidiaries' contributions to PFC's financials were reported as negligible.

10Jul 25

Power Finance Corporation Ltd. Witnesses Substantial Block Trade Worth Rs. 65.57 Crores

A significant block trade of Power Finance Corporation Ltd. (PFC) shares occurred on the National Stock Exchange (NSE). The transaction involved 1,536,912 shares, totaling Rs. 65.57 crores, at a price of Rs. 426.65 per share. This large-scale trade indicates continued interest in PFC among institutional investors, though the identities of the buyer and seller remain undisclosed.

16Jun 25

PFC Expands into Power Transmission with New Subsidiary in Maharashtra

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.

14Jun 25

PFC Establishes 'Wagdari Transmission Limited' for Maharashtra Power Project

Power Finance Corporation (PFC) has established a Special Purpose Vehicle named 'Wagdari Transmission Limited' to implement a 400/220 KV transmission project in Maharashtra. The project will be executed through a tariff-based competitive bidding process, aiming to enhance the state's power infrastructure. This initiative is part of PFC's efforts to strengthen India's power sector and improve electricity supply reliability.

12Jun 25

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

Power Finance Corporation (PFC) has recommended a final dividend of Rs 2.05 per equity share for FY2025, with June 13 set as the record date. The company's Q4 financial results show impressive growth, with net profit increasing by 24% to Rs 5,108.90 crore and total income rising by 19.40% to Rs 13,721.47 crore year-on-year.

22May 25

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

Power Finance Corporation (PFC) reported a robust Q4 performance with a profit after tax (PAT) of Rs 5,109.00 crore, up 24% year-on-year and 17% above market estimates. The company's full-year PAT reached Rs 17,350.00 crore, marking a 20% YoY increase. The earnings beat was primarily due to a Rs 1,200.00 crore interest income write-back from the KSK Mahanadi resolution. Q4 revenue stood at Rs 14,943.70 crore, up 22% YoY, with an operating profit margin of 93.14%. PFC's strong results demonstrate its operational efficiency and solid position in the power financing sector.

21May 25

PFC Revises Loan Growth Guidance Downward to 10-11%

Power Finance Corporation (PFC), a major player in India's power sector financing, has revised its loan growth guidance downward from 14-15% to 10-11%. This adjustment suggests a more conservative lending approach, potentially reflecting changes in market conditions or the company's strategy. The revision could indicate a slowdown in new power projects and may impact investor sentiment towards PFC and the broader power sector.

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.

Power Finance Corporation

382.00

-3.15

(-0.82%)

1 Year Returns:-8.79%

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