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The Latest Breaking News from PFC

PFC, REC shares in focus as mega merger process advances. What's next?

Power Finance Corporation's board has taken a significant step towards merging with Rural Electrification Corporation. The board has approved seeking formal approval from the President of India for this proposed mega merger. This move consolidates two major PSU non-banking financial corporations. The merger is subject to further regulatory clearances and…

The Economic Times

Stocks in news: Vodafone Idea, Indian Oil, Tata Steel, Dr Reddy's, PFC

Markets closed lower amid geopolitical tensions, rupee weakness, and rising inflation. Upcoming week will be sensitive to US-Iran conflict implications for oil and inflation. Vodafone Idea reported a Rs 51,970 crore net profit due to an accounting gain, while Tata Steel and Hindustan Copper saw significant profit growth in Q4FY26.

The Economic Times

PFC board clears next step for REC merger, seeks govt approval

Power Finance Corporation has taken a key step toward merging with REC Limited after its board approved seeking the President of India’s nod for the transaction. PFC has authorised CMD Parminder Chopra to seek formal approval. The merger will be based on a share swap ratio determined by valuers, while…

The Economic Times

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PFC Q4 Results: Profit rises 24% to Rs 6,325 crore as interest income grows

Power Finance Corp reported a strong rise in fourth-quarter and full-year earnings for FY26, supported by higher interest income, improved fee income and a reversal in impairment provisions. Lower credit costs and steady growth in core lending operations helped the state-run power sector financier deliver improved profitability despite higher finance…

The Economic Times

Stocks in news: Airtel, Tata Motors, Dr Reddy's, NTPC, Dixon Technologies

Markets faced selling pressure on Tuesday due to weak global cues and macroeconomic concerns, with the Nifty approaching support at 23,150. Several companies like Airtel, Tata Motors, and Dr Reddy's are in focus due to earnings reports and other news developments.

The Economic Times

Nasser al-Khelaifi plays game of risk with plans to move PSG from the Parc

With Paris FC promoted, European champions could lose their monopoly in city if out-of-town move goes through

The Guardian - UK

Mood Machine by Liz Pelly review – a savage indictment of Spotify

The global streaming behemoth has made music blander and life harder for artists, according to this enraging portrait

The Guardian - UK

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Court Rejects Allegedly Anti-Zionist Professors' Claims That University Should Have Stopped Jewish Professors from Filing Religious Discrimination Complaints Against Them

From Lax v. CUNY, decided Friday by N.Y. trial court judge Gina Abadi: Plaintiffs are observant Jewish professors at Kingsborough Community College (Kingsborough), which is part of CUNY [City University of New York]. Defendant Professional Staff Congress (the Union) is the labor union for the faculty. Defendant the New Caucus…

Reason

PFC achieves another milestone; Pays highest-ever interim dividend of Rs2033Cr to Govt

Parminder Chopra, CMD PFC presented the interim dividend RTGS intimation advice to RK Singh, Union Minister (Power, New & Renewable Energy). Read further on Dynamite News:

Dynamite News

Rising concerns in IndyCar over PFC’s braking system

There have been three known issues thus far, with the latest happening during the first test session on ahead of this weekend’s $1 Million Challenge at The Thermal Club.

Motorsport

PFC Grabs Another Feather: Wins SAFA Gold Award for Best Presented Accounts, Annual Report

PFC Chairperson and Managing Director Parminder Chopra received the prestigious SAFA Gold Award at a grand ceremony in Ghaziabad. Read further on Dynamite News:

Dynamite News

Publishers' Claims Over Alleged Harassment Campaign by eBay Can Go Forward

"A group of eBay employees devised and engaged in a campaign of harassment, stalking, and threats to stop the Steiners from reporting about eBay" in their ECommerceBytes trade publication.

Reason

PFC records highest ever quarterly profit; Increase of 28% in Q2 in current fiscal year

India's leading public sector undertaking, Power Finance Corporation Limited has clocked the highest ever quarterly Profit After Tax of Rs 3,847Cr in Q2’24. Read further on Dynamite News:

Dynamite News

PFC concludes 'Vigilance Awareness Week'; Vows to a corruption-free nation

PFC Chairperson and Managing Director Parminder Chopra inaugurated the celebrations and administered the Integrity Pledge. Read further on Dynamite News:

Dynamite News

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The Hindu

ISL-10 | Chennaiyin routs 10-man Punjab

Chennaiyin FC cruise to 5-1 win over Punjab FC, Ryan Edwards, Connor Shields, Rafael Crivellaro and Vincy Barretto score for CFC, Khundongbam Krishnananda nets consolation for PFC.

Dynamite News

PFC gets Rs 105 Cr loan from Japan Bank for International Cooperation

This loan agreement was signed under the long-term facility of JPY 30 billion provided by JBIC to PFC. Read further on Dynamite News:

The Times of India

East Bengal beat Punjab FC to enter Durand Cup quarters

KOLKATA: East Bengal FC are on a roll. Days after winning the Kolkata derby, the red-and-gold brigade qualified for the Durand Cup knockout stages defeating Punjab FC (PFC) 1-0 in their final Group A game here on Wednesday. They won two and drew one game to top the group with…

Dynamite News

PFC CMD Parminder Chopra conferred with "Finance Leader Of The Year" Award

Under the able leadership of CMD Parminder Chopra, Power Finance Corporation continues to make substantial strides in the power, renewable energy and infrastructure finance sectors... Read further on Dynamite News:

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Dynamite News

PFC ventures into clean energy space; Inks MoU of over ₹ 2.37 lakh crore with 20 companies

PFC recently diversified its loan portfolio by foraying into infrastructure projects such as refineries, ports, roads, metro, biofuels, waste to energy etc. Read further on Dynamite News:

The Hindu

Mulapeta port: govt. gives guarantee for ₹3,885-crore loan

AP govt permits APMB to obtain Rs.3,885 cr loan from PFC for Mulapeta port dev. G.O. issued by Special CS (Industries & Commerce) for revised DPR. Total project cost Rs.4,362 cr, govt supporting Rs.528 cr for land acquisition, 70:30 debt-equity ratio.

Dynamite News

PFC CMD Parminder Chopra conferred with ‘Icon Of The Year’ Award for her exemplary contribution to Business

Parminder Chopra has also played a key role in the successful implementation of INR 1.12 trillion Liquidity Infusion Scheme (LIS) for power distribution sector, which was rolled out as part of Aatmanirbhar Bharat initiative. Read further om Dynamite News:

Dynamite News

PFC provides Rs 9,187 cr financial help to HPCL Barmer refinery project in Rajasthan

This is the first project where PFC has extended financial assistance to the refinery and petrochemical sector. Must read full story on Dynamite News:

Dynamite News

PFC and NDMC sign ‘Implementation Agreement’ of RDSS for better power supply

Ministry of Power has approved ‘Revamped Distribution Sector Scheme’ (RDSS) for NDMC with a sanctioned cost of Rs. 337 crore. Must read full story on Dynamite News:

Dynamite News

Power Finance Corporation group clocks highest-ever annual profit after tax in FY'23

As on 31 March 2023, the consolidated net worth stands at Rs 1,11,981 crore versus Rs 96,275 crore as on 31 March 2022. Must read full story on Dynamite News:

Dynamite News

RITES signs pact with Power Finance Corporation

The two entities have signed the pact to explore avenues in areas, including transport and logistics, energy, water and sanitation, communication, social and commercial infrastructure. Read further on Dynamite News

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