PFC shares climb 4% as board approves fourth interim dividend, borrowing plan for FY27 Shares of the state-owned Power Finance Corporation (PFC) surged 4.04% to an intraday high of ₹434.95 per unit on the National Stock Exchange (NSE) on March 18, 2026, following the announcement that its board had approved the fourth interim dividend for the 2025-26 financial year. The dividend, set at ₹3.25 per equity share with a face value of ₹10, was declared by the board during its meeting on March 17, 2026. The payment date for the dividend is scheduled for April 16, 2026, with the record date for eligibility determination fixed for March 23, 2026. The stock was trading at ₹426.60 per share as of 12:57 PM on March 18, reflecting a 2.05% gain. Over the past week, the stock had risen 5%, and it was up 2% for the month. On a year-to-date basis, the share price had advanced 18%. However, the stock had previously touched a 52-week low of ₹329.90 on December 18, 2025, before hitting a yearly high of ₹444.10 on April 22, 2025. In addition to the dividend approval, the board sanctioned a borrowing plan of ₹1.6 lakh crore for the 2026-27 fiscal year. The company stated it may borrow up to ₹1.6 lakh crore in FY27, excluding funds raised under extra budgetary resources (EBR), subject to borrowing limits approved by shareholders. The plan includes ₹1 lakh crore in the form of bonds, securities, long or medium-term instruments, and term loans, along with ₹20,000 crore in foreign currency borrowing through various instruments. The company’s total market capitalization stood at ₹1.41 lakh crore as of March 18, 2026, according to NSE data. The borrowing plan is part of PFC’s strategy to manage its financial obligations and support its operations, which include managing power sector projects and infrastructure development.#india #national_stock_exchange #power_finance_corporation #dividend #borrowing_plan
