Power Finance Corporation Ltd (PFC)

Power Finance Corporation Ltd Stock Looks Good for an Up Move - 25 Apr, 2024

Analysts suggest that Power Finance Corporation (PFC) stock is set to give an up move and can be bought with a stop loss of Rs 394 and an initial target of Rs 425.

Power Finance Corporation Provides INR 3,918 Crore Loan to Vedanta - 18 Apr, 2024

Power Finance Corporation has provided an INR 3,918 crore loan to Vedanta Ltd for the completion of its power projects. PFC is India's largest power-sector lender and typically extends financing to corporations that own promising power projects and manufacture power-sector equipment.

Power Finance Corp Provides Term Loan to Vedanta - 15 Apr, 2024

Power Finance Corporation has provided a term loan of Rs 3,918 crore to Vedanta Ltd for the completion of its power projects. The financial closure will enable Vedanta to expedite the completion of its power projects.

Vedanta to Raise Rs. 3,900-4,000 Crore from Power Finance Corporation - 14 Apr, 2024

Vedanta has secured a rupee term loan facility of at least Rs. 3,918 crore for 11 years from state-run Power Finance Corporation to ramp up its power-generation capacity and grow its energy portfolio in India.

DIPAM Rejects PFC and REC's Debt Resolution Plan for KSK Mahanadi Power Project - 11 Apr, 2024

The Department of Investment and Public Asset Management (DIPAM) has rejected Power Finance Corporation and REC Ltd's proposal for a debt resolution plan for the 1,800-MW KSK Mahanadi Power project. DIPAM believes that lenders backed resolution plans should be avoided as they involve additional resource infusion and business risks.

Power Finance Corporation Ltd's P/E Ratio Limited Due to Weak Outlook - 07 Apr, 2024

Power Finance Corporation Ltd's P/E ratio of 7.3x may seem attractive compared to the market, but its weak outlook is weighing down shares as earnings are expected to decrease by 17% next year. This will continue to form a barrier for the share price unless conditions improve.

PFCCL incorporates SPV for power network expansion in Gujarat - 05 Apr, 2024

State-owned PFCCL has incorporated Navinal Transmission Limited as a wholly owned subsidiary to develop a Network Expansion Scheme in the Navinal area of Gujarat for drawal of power. The move is expected to boost Power Finance Corporation's operations.

Power Finance Corp Pays Record Interim Dividend - 03 Apr, 2024

State-run Power Finance Corporation has paid a record interim dividend of Rs 2,033 crore for FY24 in three instalments. The company has diversified into newer areas like infrastructure and airport financing apart from boosting thermal and renewable energy generation.

Power Finance Corporation Ltd Up 1.22% on NSE - 02 Apr, 2024

Power Finance Corporation Ltd is up 1.22% on the day, trading at Rs 406.1 on the NSE. The stock has seen a significant increase of 227.39% in the last year compared to a 28.88% spurt in NIFTY and a 16.58% spurt in the Nifty Financial Services index. The PE ratio of the stock is 9.38 based on TTM earnings ending December 23.