Bigul

POWER FINANCE CORPORATION LTD. - 532810 - Incorporation Of Wholly Owned Subsidiaries Of PFC Consulting Limited (A Wholly Owned Subsidiary Of Power Finance Corporation Limited)

This is to inform that the following companies have been incorporated as wholly owned subsidiaries of PFC Consulting Limited (a wholly owned subsidiary of Power Finance Corporation Limited) for the development of Independent Transmission projects: SI. No. Name of the Company Date of Incorporation Purpose 1. Bikaner-Khetri Transmission 22.02.2019 Limited Transmission system associated with LTA applications from Rajasthan SEZ Part-D 2. Bhuj-Il Transmission Limited 25.02.2019 Transmission System for providing connectivity to RE projects at Bhuj-II (2000MW) in Gujarat 3. Fatehgarh-II Transco Limited 26.02.2019 Transmission system associated with LTA applications from Rajasthan SEZ Part-B
01-03-2019
Bigul

POWER FINANCE CORPORATION LTD. - 532810 - Extraordinary General Meeting Of The Shareholders To Be Held On 19Th March, 2019

This is to inform that the Board of Directors have approved scheduling an Extraordinary General Meeting of the shareholders of the Company to be held on Tuesday, the 19th March, 2019 at 10.30 a.m. at Dr. SRKVS Auditorium (Dr. Sarvepalli Radhakrishnan Auditorium), Kendriya Vidyalaya No. 2, Near APS Colony, Gurgaon Road Delhi Cantt, New Delhi- 110010 to consider and approve the following: 1. To enter into a Related Party Transaction (RPT) for acquiring GoI's 1,03,93,99,343 fully paid up equity shares of REC Limited together with management control. 2. To authorize the Board of Directors to do all such acts, deeds and things as may be deemed necessary including but not limited to negotiating, finalizing and signing a share purchase agreement, other agreements, declarations and documents, fixing the price, quantum, consideration, premium, terms of payment including in advance or otherwise etc. for giving effect to the said RPT. A copy of the Notice of the EGM approved by the Board is enclosed. The Company is providing remote e-voting facility to all the Shareholders of the Company to exercise their voting rights. The cut-off date for the purpose of determining the voting rights of shareholders of the Company, holding shares either in physical form or in dematerialized form, is 13th March, 2019. The e-voting period commences on 16th March, 2019 at 10.00 am and will end at 5.00 pm on 18th March, 2019.
21-02-2019
Bigul

Investors' concerns over PFC's acquisition of REC may finally end

Another aspect that worried investors was a likely rise in funding cost as the acquisition would partly be funded through debt
18-02-2019
Bigul

PFC Tax-free Bonds: Charge up your debt investment

Among bonds of state-run infra companies, PFC looks attractice
17-02-2019
Bigul

2 stock ideas for Monday from Kunal Bothra

REC and PFC have been doing extremely well even in a market which has become very volatile.
16-02-2019
Bigul

POWER FINANCE CORPORATION LTD. - 532810 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, this is to inform that a Press Conference & Investors' Conference is proposed to be conducted on 18th February, 2019 from 3.30 p.m. to 5 p.m. at 'Sofitel Hotel', Bandra Kurla Complex, Mumbai to appraise the media, analysts & Institutional investors about the quarterly/9 months FY 2018-19 results and also about development w.r.t. acquisition of REC Ltd.
14-02-2019
Bigul

PFC net rises 70% to Rs 2,075 cr in Dec quarter

State-run Power Finance Corporation (PFC) on Monday reported a 70 per cent jump in standalone net profit to Rs 2,075.84 crore for the December 2018 q
11-02-2019
Bigul

POWER FINANCE CORPORATION LTD. - 532810 - Outcome of Board Meeting

The Board of Directors of Power Finance Corporation Ltd. (PFC) in its meeting held today i.e. on February 11, 2019 have inter-alia approved the proposal for revision in limits of raising of resources i.e. Market Borrowing program under different debt segments in one or more tranches / series for the Financial Year 2018-19.
11-02-2019
Bigul

POWER FINANCE CORPORATION LTD. - 532810 - Results For Quarter Ending 31St December, 2018

In continuation of our earlier letter dated 16th January, 2019 we would like to inform you that, the Board of Directors of Power Finance Corporation Ltd. in its meeting held today i.e. February 11, 2019 have considered and approved the unaudited financial results (Standalone) for the quarter ended December 31, 2018. Accordingly, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, Please find enclosed herewith the unaudited financial results (Standalone) for the quarter ended December 31, 2018 along with the Limited Review Report by our Statutory Auditors thereupon.
11-02-2019
Bigul

Power Finance Corporation Ltd - 532810 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

This is to inform that a conference call of the Management of the Company with Investors/ Analysts has been scheduled on February 11, 2019 at 1600 hrs IST, post Q3 Financial Results for FY 2018-19. The conference call is aimed at giving an update about PFC's performance for the 9 Months & Quarter ended December 31, 2018. The transcript of con-call shall be uploaded on company's website (www.pfcindia.com) in due course. The details of the conference call are attached herewith.
08-02-2019
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