Power Finance Corporation Ltd.

Power Finance Corporation (PFC) is currently trading at Rs. 144.80, up by 1.25 points or 0.87% from its previous closing of Rs. 143.55 on the BSE.

The scrip opened at Rs. 142.00 and has touched a high and low of Rs. 146.15 and Rs. 141.80 respectively. So far 328784 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 147.90 on 20-Mar-2017 and a 52 week low of Rs. 78.38 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 147.90 and Rs. 136.00 respectively. The current market cap of the company is Rs. 38413.18 crore.

The promoters holding in the company stood at 67.80%, while institutions and non-institutions held 27.59% and 4.62% respectively.

State-owned Power Finance Corporation has sanctioned Rs 9,128 crore in financial assistance to power units in Tamil Nadu. The company has sanctioned a term loan of Rs 5,474 crore to Tamil Nadu Generation & Distribution Corporation  (TANGEDCO) for setting up a 2x800 MW coal-based ‘UPPUR TPS’ using super-critical technology in Ramanathapuram district and for renovation, modernization and uprating of the Sholayar Power House-I from 2x35 MW to 2x42 MW.

The company has also sanctioned financial assistance of Rs 3,654 crore to Tamil Nadu Transmission Corporation (TANTRANSCO) to strengthen their power transmission network and also to establish a 765/400kV GIS-based North Chennai Pooling Station at Ennore, Tiruvallur district in Tamil Nadu.

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.