Power Finance Corporation Ltd (PFC) has transferred ownership of two wholly owned subsidiaries, Raghanesda RE Transmission Ltd and NER Expansion Transmission Ltd, to private entities through tariff-based competitive bidding, according to a regulatory filing dated July 24. NER Expansion Transmission Ltd, the project special purpose vehicle (SPV) for the North-Eastern Region Expansion Scheme – XXV…
Power Finance Corporation Limited (PFC) has withdrawn its proposed zero-coupon bond issuance of up to Rs 20 billion due to weak investor demand and higher-than-expected yield quotes. The issuance was structured with a base size of Rs 5 billion and a green shoe option of Rs 15 billion. It received bids worth Rs 14.7 billion…
Power Finance Corporation Limited (PFC) reported a net profit of Rs 77.6 billion for the quarter ending December 2024, marking a 23.29 per cent increase from Rs 62.94 billion in the same quarter last year. The company’s total income grew by 13.69 per cent to Rs 268.22 billion from Rs 235.93 billion in the corresponding…