Power Finance Corporation Ltd. News and Updates

Name: Latest research reports of Power Finance Corporation Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Power Finance Corporation Ltd.
Rating: 5
Author: Motilal Oswal

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Power Finance Corporation Ltd.

09 Nov 2024

404.10

-0.77%

Healthy quarter; disbursements to accelerate further in 2H

Buy: Power Finance Corporation ...

Motilal Oswal

Power Finance Corporation (PFC)’s 2QFY25 PAT grew ~14% YoY to INR43.7b. Its 1HFY25 PAT grew 18% YoY to INR80.9b and we expect the 2HFY25 PAT to increase ~14% YoY.

Power Finance Corporation Ltd.'s price crossed below 100Day SMA today

Power Finance Corporation Ltd.

19 Oct 2024

404.10

-0.77%

PFC, BEML ink pact to finance, execute infrastructure projects in defence, rail transportation

Business Line

Synergy between our expertise in infrastructure development and defence production, combined with PFC's financial strength, will help deliver transformative projects, says BEML CMD Shantanu Roy

Power Finance Corporation Ltd. is trading below all available SMAs

PFC, BEML ink pact to finance, infra projects in defence, railways

Business Standard | 19 Oct 2024

Power Finance Corporation Ltd.

16 Oct 2024

404.10

-0.77%

PFC Infra Finance IFSC Ltd gets approval to operate from GIFT City

Business Standard

Power Finance Corporation on Wednesday said its arm PFC Infra Finance IFSC Ltd has received approval from International Financial Services Centres Authority to commence business as a finance company in IFSC GIFT City, Gujarat. PFC Infra Finance IFSC Ltd (PIFIL) will be the first finance company in IFSC dedicated to power and infrastructure sector lending, the company said in a statement. PIFIL aims to provide lending in India and other countries in foreign currency, catering to government as well as private players. The establishment of PIFIL will position PFC as a global brand and contribute to strengthening India's position as a global financial hub. IFSCA chairperson K Rajaraman presented the Certificate of Registration (CoR) to Parminder Chopra, Chairperson PFC & PIFIL. "As we commence operations, funding for energy transition will be a key focus, aligning with India's strong push towards clean energy sources," Chopra said.

Power Finance Corporation Ltd. is trading below all available SMAs

Power Finance Corporation Ltd.

04 Oct 2024

404.10

-0.77%

PFC secures largest foreign currency term loan of $1.265 billion

Business Line

The loan will primarily be deployed towards financing assets other than thermal generation projects

Power Finance Corporation Ltd. is trading below all available SMAs

Power Finance Corporation Ltd.

29 Aug 2024

404.10

-0.77%

PFC, REC gain up to 3% as UBS initiates 'buy' rating on high growth outlook

Business Standard

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

Power Finance Corporation Ltd. has lost -27.16% in the last 1 Year

Power Finance Corporation Ltd.

08 Aug 2024

404.10

-0.77%

PFC secures 25.5 bn yen loan from JBIC to finance wind energy project

Business Standard

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.

Power Finance Corporation Ltd. has lost -27.16% in the last 1 Year

Power Finance Corporation Ltd.

06 Aug 2024

404.10

-0.77%

PFC Q1 Results: Profit Jumps 23.6%, Announces Dividend Of Rs 3.25 Per Share

NDTV Profit

Total income for the lender rose 17.5% year-on-year to Rs 11,916 crore, as against Rs 10,142 crore reported in the same quarter in the previous year.

Power Finance Corporation Ltd. has lost -27.16% in the last 1 Year

Shapoorji Pallonji group defends PFC loan as refinancing, not a bailout

Business Line | 06 Aug 2024

Power Finance Corporation Ltd.

25 Jul 2024

404.10

-0.77%

Last date to buy! PFC among 34 stocks to trade ex-dividend on Friday

Economic Times

Following the implementation of the T+1 framework, dividends are distributed to shareholders listed in the company's database on the record date. Normally, the record date and ex-date align unless a market holiday follows the ex-date. Under this framework, shareholders who purchase the stock at least one day before the ex-date qualify for dividends, with settlement occurring the next day.

Motilal Oswal increased Buy price target of Power Finance Corporation Ltd. to 485.0 on 21 May, 2025.

Power Finance Corporation Ltd.

03 Jul 2024, 10:44AM

404.10

-0.77%

PFC, REC Get 20% Upside In Bernstein's 'Outperform' Coverage Initiation

NDTV Profit

Bernstein has named the PFC and REC as its preferred picks in the power finance sector.

Power Finance Corpor.. has an average target of 485.00 from 1 broker.

Power Finance Corporation Ltd.

14 Jun 2024

404.10

-0.77%

State-owned PFC signs agreement with CVPPPL for Rs 1,870 crore term loan

Business Standard

State-owned PFC on Friday said it has signed an agreement with the Chenab Valley Power Project Private Limited (CVPPPL) to extend a term loan of Rs 1,869.265 crore. The CVPPPL is a 51:49 per cent Joint Venture of NHPC LTD and Jammu And Kashmir State Power Development Corporation Limited (JKSPDC), Power Finance Corporation (PFC) said in a statement. PFC signed an agreement with CVPPPL for Rs 1,869.265 crore term loan, it added. With this agreement, the financial closure for Kiru HEP (hydroelectric project) for Rs 3,738.53 crore has been achieved, PFC said. As per the agreement, the loan will be used to develop and construct the greenfield Kiru Hydro Electric Project (4x156 MW) on the river Chenab in the Kishtwar District of Jammu & Kashmir. PFC, under the Ministry of Power, is the largest non-banking financial company (NBFC).