Power Finance Corporation Board Meeting Outcome
Power Finance Corporation approved the merger of REC Limited into itself, subject to presidential and regulatory approvals. All assets and liabilities will transfer to PFC.
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Power Finance Corporation approved the merger of REC Limited into itself, subject to presidential and regulatory approvals. All assets and liabilities will transfer to PFC.
Power Finance Corporation recommended a final dividend of ₹3.95 per equity share for 2026. This distribution follows board approval and rewards long-term shareholders.
Power Finance Corporation scheduled a Board Meeting for May 16, 2026, to discuss its potential merger with REC. The company's trading window remains closed.
Power Finance Corporation Ltd reported revenue from operations of ₹28,920 Cr (-1.2% YoY) and net profit of ₹8,598 Cr (+2.9% YoY) for Q4 FY26.
Power Finance Corporation reported a standalone annual net profit of ₹20,051.34 Crore. The Board also recommended a final dividend of ₹3.95 per equity share.
Power Finance Corporation paid ₹216.08 Crore interest on its tax-free bonds due May 8, 2026. The timely payment demonstrates strong debt servicing capabilities.
Power Finance Corporation incorporated Pune West Power Transmission Limited as a wholly owned subsidiary SPV. The entity will develop a 765 kV transmission system project.
Power Finance Corporation Ltd incorporated a new wholly owned subsidiary, Fatehgarh II Transmission Limited, through its subsidiary PFCCL. The SPV will handle the installation of synchronous condenser units in Rajasthan. This entity will eventually be transferred to a successful bidder selected through a tariff-based competitive bidding process.
Power Finance Corporation Ltd has scheduled a Board Meeting on May 13, 2026. The board will consider audited financial results for the quarter and year ended March 31, 2026, and recommend a final dividend for FY 2025-26. The trading window remains closed until May 16, 2026.
Power Finance Corporation Ltd successfully redeemed its 8.03% BS-147 series bonds. The company paid a total of ₹1,080.30 Crore, comprising ₹1,000 Crore principal and ₹80.30 Crore interest, on May 02, 2026. This timely payment reflects the company's strong credit profile and adherence to debt obligations.
Power Finance Corporation Limited has incorporated five wholly owned subsidiaries through its subsidiary, PFC Consulting Limited. These Special Purpose Vehicles (SPVs) will develop specific independent transmission projects in Gujarat, Andhra Pradesh, and Tamil Nadu. The SPVs will eventually be transferred to successful bidders selected through a tariff-based competitive bidding process.
Shri Rajiv Ranjan Jha ceased to be Director (Projects) at Power Finance Corporation Ltd effective May 1, 2026, upon attaining the age of superannuation. The retirement follows his original appointment term set by the Ministry of Power.
Power Finance Corporation Limited (PFC) announced that Mr. Rajiv Ranjan Jha will retire as Executive Director effective May 1, 2026. The cessation is due to superannuation. This is a routine senior management departure as part of the company's retirement cycle.
Power Finance Corporation Limited announced that Shri Rajiv Ranjan Jha will cease to be Director (Projects) effective May 1, 2026, due to superannuation. He has served on the board since October 2021.
Power Finance Corporation Limited has appointed Shri Rajesh Kumar Agarwal as Chief Financial Officer for a five-year term effective April 23, 2026. Agarwal, previously Executive Director (Finance), brings 31 years of experience in power and finance sectors. The appointment follows a board meeting held on April 30, 2026.
Power Finance Corporation Ltd has appointed Shri Rajesh Kumar Agarwal as Director (Finance) and Chief Financial Officer, effective April 23, 2026. The appointment was confirmed by the Board of Directors in their meeting on April 30, 2026, following orders from the Ministry of Power.
Power Finance Corporation Ltd has timely paid interest dues of ₹226.76 Crore for its 8.7929% Bond Series 186. The payment, due on April 30, 2026, was processed via NEFT/RTGS/DC for the period ending on the same date.
Power Finance Corporation Limited has identified itself as a Large Corporate under SEBI norms. The company reported provisional outstanding borrowings of ₹3,80,542 Crore as of March 31, 2026, and maintains the highest 'AAA' credit ratings from CRISIL, ICRA, and CARE.
Power Finance Corporation Limited submitted its Corporate Governance Report for the financial year ending March 31, 2026. The filing confirms compliance with SEBI requirements regarding board composition and committee meetings. This is a routine regulatory disclosure and does not reflect a material business event.
Power Finance Corporation Ltd has appointed Shri Rajesh Kumar Agarwal as Director (Finance) for a five-year term starting April 23, 2026. Agarwal, previously Executive Director (Finance) at PFC, brings over 31 years of experience in the power and financial sectors to the Board.
Power Finance Corporation Limited confirmed the timely payment of quarterly interest dues for four series of secured taxable NCDs on April 22, 2026. The total net interest payout amounted to ₹13.42 Crore across multiple ISINs. This disclosure ensures compliance with SEBI Listing Obligations and Disclosure Requirements.
Power Finance Corporation Ltd has confirmed the timely payment of interest totaling ₹336.09 Crore for two bond series due on April 20, 2026. The payments cover ISINs INE134E08ML8 and INE134E08MM6, reflecting the company's consistent debt service performance.
Power Finance Corporation Limited has submitted its quarterly compliance disclosure for Q4 FY 2025-26. The announcement provides updated details for Compliance Officer Shri Manish Kumar Agarwal and the company's RTAs, RCMC Share Registry and KFIN Technologies, as mandated under Regulation 6(1) of SEBI LODR Regulations.
Power Finance Corporation Ltd announced the cessation of Smt. Usha Sajeev Nair, Shri Prasanna Tantri, and Shri Naresh Dhanrajbhai Kella as Non-Official Independent Directors effective April 17, 2026. Their departures follow the completion of their one-year tenures as per Ministry of Power orders.
Power Finance Corporation Limited has successfully paid ₹3,000.00 Crore towards the redemption and interest of its Commercial Paper series 120. The payment was completed on the due date of April 15, 2026. This timely settlement demonstrates the company's strong liquidity and commitment to its debt obligations.
Power Finance Corporation Ltd. confirmed the timely payment of ₹1695.38 Crore towards interest and principal for its 7.75% PFC 2026 Bond series. The payment, made on April 15, 2026, includes a principal redemption of ₹1685.00 Crore and interest of ₹10.38 Crore, ensuring compliance with SEBI listing regulations.
Power Finance Corporation Ltd incorporated four new wholly owned subsidiaries through its arm, PFC Consulting Limited. These Special Purpose Vehicles will develop transmission projects in Rajasthan and Karnataka. The SPVs will eventually be transferred to successful bidders selected through a tariff-based competitive bidding process.
Power Finance Corporation Limited disclosed its outstanding private placement debt securities as of March 31, 2026. The total outstanding value of these securities amounted to ₹284,571.73 Crore. This filing follows SEBI's operational circular requirements for debt securities.