Power Finance Corporation Ltd.

Power Finance Corporation (PFC) is currently trading at Rs. 301.00, up by 1.95 points or 0.65% from its previous closing of Rs. 299.05 on the BSE.

The scrip opened at Rs. 301.45 and has touched a high and low of Rs. 305.85 and Rs. 298.10 respectively. So far 161696 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 344.20 on 10-Jun-2014 and a 52 week low of Rs. 97.40 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 309.25 and Rs. 285.00 respectively. The current market cap of the company is Rs. 39805.83 crore.

The promoters holding in the company stood at 72.80% while Institutions and Non-Institutions held 22.19% and 5.02% respectively.

PFC has received shareholders’ approval to raise around Rs 44,000 crore through issue of securities in the current financial year. Shareholders have also authorised PFC’s board to mortgage or create charge on assets of the company for securing loan.

Another proposal, that has been cleared, is increasing the limit for raising funds in Indian rupees to Rs 4,00,000 crore from the existing level of Rs 2,00,000 crore, and in any foreign currency equivalent to $8 billion from the present level of $4 billion.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.