Power Finance Corporation Ltd.

Power Finance Corporation is currently trading at Rs 262.70, up by 0.80 points or 0.31% from its previous closing of Rs 261.90 on the BSE.

The scrip opened at Rs. 262.90 and has touched a high and low of Rs. 263.50 and Rs. 261.40 respectively. So far 17503 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 327.00 on 04-Jul-2014 and a 52 week low of Rs. 219.35 on 24-Sep-2014.

Last one week high and low of the scrip stood at Rs. 268.70 and Rs. 253.00 respectively. The current market cap of the company is Rs. 34657.67 crore.

The promoters holding in the company stood at 72.80%, while Institutions and Non-Institutions held 21.96% and 5.24% respectively.

Power Finance Corporation (PFC) will raise external commercial borrowings (ECBs) worth $1 billion. The company has mandated Barclays Bank PLC, Standard Chartered Bank and SBICAPS (Singapore) for the issue.

The proceeds of the Notes, if and when issued, will be utilized for on-lending to the company’s borrowers in the power sector in rupee and/or foreign currency.

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.