Adani Energy acquires 100% stake in Pune-III Transmission

 21 Nov 2024 08:51 AM

Adani Energy Solutions has acquired a 100% stake in Pune-III Transmission Limited (PTL) through a Share Purchase Agreement with PFC Consulting. The acquisition aligns with Adani Energy’s strategy to boost shareholder value and supports renewable energy evacuation from Khavda RE Park. PTL’s projects include establishing high-voltage substations and a 322 km transmission line.

Adani Energy Solutions signs pact to acquire 100 pc stake in Pune- III Transmission

 20 Nov 2024 04:49 PM

Adani Energy Solutions Ltd (AESL) is acquiring Pune- III Transmission Ltd (PTL) from PFC Consulting Ltd to establish new substations and a transmission line. This acquisition will enable the evacuation of 7 GW of renewable energy from Gujarat's Khavda RE Park and aligns with AESL's strategy of enhancing shareholder value.

Buy Power Finance Corporation, target price Rs 560: Motilal Oswal Financial Services

 14 Nov 2024 10:11 AM

Motilal Oswal Financial Services has issued a buy call for Power Finance Corporation (PFC) stock, setting a target price of Rs 560. This positive outlook is driven by PFC's strong anticipated loan growth, earnings potential, and improving asset quality. Despite the company's foray into riskier private infrastructure projects, the brokerage firm believes PFC's overall risk-reward profile remains attractive for investors.

PFC not to take exposure in Shapoorji Pallonji Group: PFC chairperson

 13 Nov 2024 05:28 PM

Power Finance Corporation (PFC) has decided against lending to Shapoorji Pallonji Group. The decision comes after PFC's board deemed the loan, reportedly worth USD 2.4 billion, as too risky. PFC, primarily focused on infrastructure financing within the power sector, saw the loan as exceeding its risk tolerance for a new sector.

Macquarie initiates coverage on power stocks: NTPC, PFC, REC, and Power Grid could give 18-30% return

 13 Nov 2024 09:54 AM

Macquarie initiates coverage on India's power sector giants, expressing optimism for NTPC, PFC, REC, and Power Grid. The brokerage cites their roles in energy security, renewable transition, and power financing as key growth drivers, assigning "Outperform" ratings and predicting significant upside potential for each company.

Gainers & Losers: PFC, Asian Paints among 6 stocks in action on Monday

 11 Nov 2024 04:16 PM

Equity benchmarks struggled as foreign fund outflows, weak earnings, and sluggish Asian markets weighed on investor sentiment. Key movers included Biocon (+8.6%), ITI (+7.8%), and PFC (+7.15%).

Tata Motors, Trent among 5 stocks with long buildup

 11 Nov 2024 11:31 AM

Five stocks, including PFC, Tata Motors, Trent, OFSS, and Power Grid, saw long buildup on November 11, with rising open interest and stock prices, signaling bullish momentum in the market.

PFC shares jump 7% post Q2 results; Brokerages maintain bullish outlook

 11 Nov 2024 11:21 AM

Power Finance Corporation shares rose 9% after reporting a 9% increase in Q2 profit, driven by higher revenues and loan growth. Brokerages Bernstein and CLSA maintain 'Outperform' ratings.

PFC: CO'S MANAGEMENT RETAINED THEIR LOAN BOOK GROWTH GUIDANCE OF 14% FOR FY25

 11 Nov 2024 10:26 AM

PFC: CO'S MANAGEMENT RETAINED THEIR LOAN BOOK GROWTH GUIDANCE OF 14% FOR FY25

Shapoorji Group in talks for Rs 8,000 crore raise via bonds

 11 Nov 2024 06:21 AM

PFC directors questioned the legal constraints on transferring Tata Sons shares in the event of a default. ET had earlier reported that Tata Trusts had stated that Tata Sons shares are not freely transferable.