Page 7 - Pfc News Today

India Business News: The Reserve Bank said that starting October 2024, the strict supervisory norms under the Prompt Corrective Action (PCA) Framework will apply to govern

Petrofac Limited (LON:PFC – Get Free Report) insider Sara Akbar acquired 6,828 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was acquired at an average price of GBX 73 ($0.88) per share, for a total transaction of £4,984.44 ($6,024.95). Petrofac Price Performance LON PFC opened at GBX 69.75 ($0.84) on […]

State-owned Power Finance Corporation (PFC) has approved loans worth Rs 15,000 crore for various projects, including funding for airport projects. PFC also sanctioned its first financing for a greenfield airport project in Andhra Pradesh. The companys board of directors discussed its diversification strategy, exploring new market segments, renewable energy funding, and improving asset quality. PFC is involved in financing Indias energy transition goals and implementing key government initiatives...

This is part of the power-sector lenders plan to diversify its loan book by venturing into the broader infrastructure sector

AMFI to announce changes to market cap classification in January 2024; potential entrants include Polycab and Mazagon Dock.

PFC transferred subsidiaries Ananthpuram Kurnool Transmission Limited and Bhadla III transmission Limited to Power Grid Corporation of India on September 27

Power sector stocks are in high demand due to the growing interest from global investors and the government. However, cautious investors must watch out for high valuations.

It has raised Rs 3,000 crore debt funding from REC and Rs 2,600 crore debt funding from PFC, the company said in a statement.

Serentica Renewables, an Indian renewable energy developer, has secured Rs 3000 crores of debt funding from REC Limited. The funding will be used to develop hybrid renewable energy projects in Karnataka, with a capacity of 560 MW. This comes after the company recently secured Rs 2600 crores in debt funding from another major player in the power sector, PFC.

Foundry Partners LLC cut its holdings in shares of Premier Financial Corp. (NASDAQ:PFC – Free Report) by 17.7% during the second quarter, HoldingsChannel.com reports. The firm owned 158,795 shares of the company’s stock after selling 34,035 shares during the quarter. Foundry Partners LLC’s holdings in Premier Financial were worth $2,544,000 at the end of the […]