Power Finance Corporation announced that the Board of Directors of the Company at its meeting held on 17 March 2026, inter alia, have recommended the Fourth Interim dividend of Rs 3.25 per equity Share (i.e. 32.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

The board of Power Finance Corporation at its meeting held on 17 March 2026 has approved raising of resources for financial year 2027 through bonds, term loans, commercial paper etc from domestic and international markets amounting to Rs 1,60,000 crore. Powered by Capital Market - Live News

Sakhigopal Integrated Power Company (SIPCL), a wholly owned subsidiary company of Power Finance Corporation (PFC) has been struck off by the registrar of companies w.e.f. 09 March 2026. SIPCL was not a material subsidiary of PFC and was incorporated on 21 May 2008 under the Companies Act, 1956 as a Special Purpose Vehicle (SPV) for the purpose of establishing Ultra Mega Power Project of 4000 MW in the state of Odisha. Subsequently it was decided to close the project.Powered by Capital Market - Live News

Power Finance Corporation will hold a meeting of the Board of Directors of the Company on 17 March 2026.Powered by Capital Market - Live News

The board of Power Finance Corporation (PFC) at its meeting held on 06 February 2026 has approved the following:Pursuant to `In Principle` approval of Cabinet Committee on Economic Affairs (CCEA), PFC acquired 52.63% of Govt`s holding in REC (REC). Accordingly, PFC and REC are operating as holding and subsidiary companies. The Board of Directors of PFC took note of the budget announcement and accorded its in-principle approval for restructuring in the form of a merger of PFC and REC, while ensuring that, post-merger, PFC continues to remain as a Government Company under the Companies Act, 2013 and other applicable laws.Powered by Capital Market - Live News