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India may recover 'excess revenue' earned by power firms - sources India is weighing a plan to recover "excess revenue" earned by power plants in spot markets to provide funds to run gas-fired stations during crises, two government sources said. Under the early-stage proposals, a uniform price cap on spot power trades would be replaced with new limits for each source of power generation. Once prices are discovered in markets based on demand and supply bids, any funds generated from electricity sold above those limits would be considered exces...
India may recover 'excess revenue' earned by power firms - sources
India may recover 'excess revenue' earned by power firms - sources
Source: Reuters
30/06/2023 7:30:16 PM
Key Stock Ideas: Hindustan Aeronautics, PFC , Hero MotoCorp , Max Financial Services - ARETE Securities Govt plans to sell 3.5% stake in Hindustan Aeronautics through OFS: The government plans to sell up to 3.5 percent of its stake in aerospace and defence company Hindustan Aeronautics (HAL) through an offer for sale (OFS) to raise over Rs 2,867 crore this fiscal, according to an exchange filing on Wednesday. It owns a 75 percent stake in HAL. The 3.5 per cent stake sale comprised 1.75 per cent as the base offer and 1.75 per cent as an additional option. The offer will open on March 23 and w...
Key Stock Ideas: Hindustan Aeronautics, PFC , Hero MotoCorp , Max Financial Services - ARETE Securities
Key Stock Ideas: Hindustan Aeronautics, PFC , Hero MotoCorp , Max Financial Services - ARETE Securities
Source: ARETE Securities Ltd
23/03/2023 9:34:42 AM
Power Finance Corporation soars on reporting rise in Q2 consolidated net profit Power Finance Corporation is currently trading at Rs. 121.25, up by 4.40 points or 3.77% from its previous closing of Rs. 116.85 on the BSE. The scrip opened at Rs. 117.50 and has touched a high and low of Rs. 121.70 and Rs. 117.50 respectively. So far 587846 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 142.10 on 12-Nov-2021 and a 52 week low of Rs. 97.15 on 20-Jun-2022. Last one week high and low of the scr...
Power Finance Corporation soars on reporting rise in Q2 consolidated net profit
Power Finance Corporation soars on reporting rise in Q2 consolidated net profit
Source: Accord Fintech
11/11/2022 4:12:53 PM
India`s Power Finance Corporation to issue multi-tenor bonds - traders  India’s Power Finance Corp plans to raise funds through sale of bonds maturing in three years as well as 10 years, four merchant bankers said on Friday. The state-run company plans to raise at least five billion rupees ($63.20 million) through each issue, with the three-year bonds having a greenshoe option to retain an additional 20 billion rupees, and the 10-year notes to retaiin additional 10 billion rupees. The company has invited coupon and commitment bids from bankers a...
India`s Power Finance Corporation to issue multi-tenor bonds - traders
India`s Power Finance Corporation to issue multi-tenor bonds - traders
Source: Reuters
5/08/2022 10:19:22 AM
Power Finance Corporation logs highest-ever net profit in FY 21 State-owned non-banking finance firm Power Finance Corporation (PFC) has recorded the highest-ever net profit of Rs 8,444 crore for financial year 2020-21, a 49 per cent jump over the previous year. In FY20, the PFC had reported a net profit of Rs 5,655 crore on a standalone basis. The company's consolidated net profit also increased by 66 per cent in FY21 to Rs 15,716 crore against Rs 9,477 crore reported in FY20. During 2020-21, the power sector lender increased its net interes...
Power Finance Corporation logs highest-ever net profit in FY 21
Power Finance Corporation logs highest-ever net profit in FY 21
Source: IANS
15/06/2021 4:54:23 PM
Power Finance Corporation, Rural Electrification Corporation to reduce lending rates from April 1 State-run power sector finance companies, the Power Finance Corporation (PFC) and the Rural Electrification Corporation (REC), will reduce lending rates up to 2 per cent from April 1. The Navratna CPSEs under Ministry of Power, as group companies, have been aligning operations to realise synergies. "As a part of such effort, PFC and REC have now decided together to reduce lending rates up to 2 per cent," PFC said in a statement. "This initiative was undertaken to offer...
Power Finance Corporation, Rural Electrification Corporation to reduce lending rates from April 1
Power Finance Corporation, Rural Electrification Corporation to reduce lending rates from April 1
Source: IANS
1/04/2021 9:08:57 AM