Power Finance Corporation Ltd.

Power Finance Corporation (PFC) is currently trading at Rs. 90.30, up by 1.45 points or 1.63% from its previous closing of Rs. 88.85 on the BSE.

The scrip opened at Rs. 89.50 and has touched a high and low of Rs. 91.15 and Rs. 89.40 respectively. So far 288280 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 169.00 on 11-Apr-2017 and a 52 week low of Rs. 84.60 on 19-Mar-2018.

Last one week high and low of the scrip stood at Rs. 91.15 and Rs. 84.60 respectively. The current market cap of the company is Rs. 23853.14 crore.

The promoters holding in the company stood at 65.92%, while Institutions and Non-Institutions held 27.44% and 6.64% respectively.

Power Finance Corporation  will consider a proposal for raising of resources i.e. Market Borrowing program for the Financial Year 2018-19 through issuance of bonds, term loans from Banks/FIs, Commercial Paper, Syndicate Loans etc. from domestic & international markets. The board of directors will meet on March 26, 2018 for the same.

The funds will actually be raised from time to time during the Financial Year 2018-19, with the approval of competent authority as per powers delegated in this regard.
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.