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Power Finance Corporation Ltd (PWFC.NS)

PWFC.NS on National Stock Exchange of India

112.75INR
2:59am EDT
Change (% chg)

Rs-0.65 (-0.57%)
Prev Close
Rs113.40
Open
Rs115.10
Day's High
Rs117.55
Day's Low
Rs112.65
Volume
3,847,421
Avg. Vol
7,613,887
52-wk High
Rs124.30
52-wk Low
Rs67.50

Latest Key Developments (Source: Significant Developments)

Rattanindia Power Says NCLT Apprlication Filed By Lenders Led By Power Finance Corp Withdrawn
Thursday, 16 May 2019 05:09am EDT 

May 16 (Reuters) - Rattanindia Power Ltd ::APPRLICATION FILED BY CONSORTIUM OF LENDERS LED BY POWER FINANCE CORP IN NCLT HAS BEEN WITHDRAWN.  Full Article

Power Finance Corporation Completes Acquisition Of REC Ltd Stake
Thursday, 28 Mar 2019 06:38am EDT 

March 28 (Reuters) - Power Finance Corporation Ltd ::BUYS 1.04 BILLION SHARES OF REC LTD FROM GOVERNMENT OF INDIA FOR 145 BILLION Rupees, completing THE ACQUISITION.  Full Article

Power Finance Corp Sees Merger With REC Ltd To Be Completed In FY20 - Exec
Thursday, 28 Mar 2019 06:30am EDT 

March 28 (Reuters) - Power Finance Corporation Ltd Chairman Rajeev Sharma::POWER FINANCE CORPORATION EXEC SAYS TO FUND REC LTD ACQUISITION 30 PERCENT THROUGH DEBT, REST THROUGH CASH INFLOWS.POWER FINANCE CORP EXEC SAYS ACQUISITION OF REC LTD TO DOUBLE CO'S ASSETS, PROFIT.POWER FINANCE CORP EXEC SAYS ACQUISITION OF REC LTD TO INCREASE CO'S LOAN ASSETS TO 6 TRLN RUPEES.POWER FINANCE CORP EXEC SAYS TIMING OF CO, REC LTD MERGER WILL BE DECIDED IN CONSULTATIONS WITH GOVERNMENT.POWER FINANCE CORP EXEC SAYS HOPES THAT MERGER OF CO AND REC WILL BE COMPLETED IN FY20.POWER FINANCE CORP EXEC SAYS CO MAY TAP PERPETUAL BOND MARKET TO SHORE UP CAPITAL IN FY20.POWER FINANCE CORP EXEC SAYS UNIFIED APPROACH BY CO AND REC WILL EXPEDITE RESOLUTION OF SOME STRESSED ASSETS.POWER FINANCE CORP EXEC SAYS EXPECTS GOVERNMENT TO REMAIN MAJORITY SHAREHOLDER IN CO, REC MERGED ENTITY.POWER FINANCE CORP EXEC SAYS EXPECTS GOVERNMENT TO HOLD MORE THAN 50 PERCENT SHARE IN CO, REC MERGED ENTITY.  Full Article

India's Power Finance Corp Says Received Final Approval For Buying Rec Ltd At 139.50 Rupees Per Share In Deal Valued At About 145 Billion Rupees
Wednesday, 20 Mar 2019 11:00am EDT 

Power Finance Corporation Ltd ::INDIA'S POWER FINANCE CORP SAYS RECEIVED FINAL APPROVAL FOR BUYING REC LTD AT 139.50 RUPEES PER SHARE IN DEAL VALUED AT ABOUT 145 BILLION RUPEES.INDIA'S POWER FINANCE CORP SAYS DEAL INVOLVES ACQUISITION OF 1.03 BILLION EQUITY SHARES OF REC LTD REPRESENTING 52.63 PERCENT OF SHARE CAPITAL OF REC LTD.  Full Article

India's Power Finance Corporation Dec-Qtr Profit Rises
Monday, 11 Feb 2019 05:41am EST 

Feb 11 (Reuters) - Power Finance Corporation Ltd ::DEC QUARTER PROFIT 20.76 BILLION RUPEES.DEC QUARTER TOTAL REVENUE FROM OPERATIONS 73.62 BILLION RUPEES.PROFIT IN DEC QUARTER LAST YEAR WAS 12.17 BILLION RUPEES; TOTAL REVENUE FROM OPERATIONS WAS 62.46 BILLION RUPEES.  Full Article

India's Power Finance Corporation Sept-Qtr Profit Rises
Friday, 2 Nov 2018 07:44am EDT 

Nov 2 (Reuters) - Power Finance Corporation Ltd ::SEPT QUARTER PROFIT 13.55 BILLION RUPEES.SEPT QUARTER TOTAL REVENUE FROM OPERATIONS 74.07 BILLION RUPEES.PROFIT IN SEPT QUARTER LAST YEAR WAS 12.26 BILLION RUPEES; TOTAL REVENUE FROM OPERATIONS WAS 68.48 BILLION RUPEES.SAYS APPROVED PROPOSAL FOR REVISION IN LIMITS FOR RAISING OF RESOURCES FOR FY18-19.  Full Article

India's Power Finance Corp Posts March Qtr Profit
Friday, 25 May 2018 04:17am EDT 

May 25 (Reuters) - Power Finance Corporation Ltd ::MARCH QUARTER PROFIT 9.36 BILLION RUPEES.MARCH QUARTER REVENUE FROM OPERATIONS 61.62 BILLION RUPEES.LOSS IN MARCH QUARTER LAST YEAR WAS 34.09 BILLION RUPEES; REVENUE FROM OPERATIONS WAS 57.19 BILLION RUPEES.DECLARED INTERIM DIVIDEND OF 1.80 RUPEES PER SHARE.  Full Article

Power Finance Corporation Declares Interim Dividend Of 1.80 Rupees/Share
Monday, 26 Feb 2018 05:11am EST 

Feb 26 (Reuters) - Power Finance Corporation Ltd ::DECLARED INTERIM DIVIDEND OF 1.80 RUPEES PER SHARE.  Full Article

India's Power Finance Corporation Dec-Qtr Profit From Cont Ops Falls About 18 Pct
Monday, 12 Feb 2018 08:00am EST 

Feb 12 (Reuters) - Power Finance Corporation Ltd ::DEC QUARTER PROFIT FROM CONTINUING OPERATIONS 16.04 BILLION RUPEES.DEC QUARTER REVENUE FROM OPERATIONS 61.95 BILLION RUPEES.PROFIT FROM CONTINUING OPERATIONS IN DEC QUARTER LAST YEAR WAS 19.50 BILLION RUPEES; REVENUE FROM OPERATIONS WAS 70.10 BILLION RUPEES.  Full Article

Life Insurance Corp Of India Cuts Stake In Power Finance Corp By 2.035 Pct
Thursday, 25 Jan 2018 05:24am EST 

Jan 25 (Reuters) - Power Finance Corporation Ltd ::SAYS LIFE INSURANCE CORP OF INDIA CUTS STAKE IN CO BY 2.035 PERCENT TO 6.057 PERCENT.  Full Article

Indian Samurai market fizzles

* Loans: Long-term loans find few takers after recent Japanese borrowing spree