Power Finance Corporation Ltd.

Power Finance Corporation (PFC) is currently trading at Rs. 150.10, up by 0.75 points or 0.50% from its previous closing of Rs. 149.35 on the BSE.

The scrip opened at Rs. 149.00 and has touched a high and low of Rs. 150.30 and Rs. 147.45 respectively. So far 21904 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 223.80 on 17-Feb-2012 and a 52 week low of Rs. 130.20 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs. 153.90 and Rs. 141.55 respectively. The current market cap of the company is Rs. 19713.18 crore.

The promoters holding in the company stood at 73.72% while Institutions and Non-Institutions held 18.59% and 7.68% respectively.

Power Finance Corporation is likely to raise $250 million through external commercial borrowings (ECBs).  The company is planning to use these funds for coal mining projects overseas from which coal will be brought to India.

Company has reported a rise of 34.69% in its net profit at Rs 818.30 crore for the quarter ended March 31 as against Rs 607.53 crore in the corresponding period last year. The total income from operations during the fourth quarter has increased by 40.44% to Rs 3,684.29 crore from Rs 2,623.42 crore in the year-ago period.