Power Finance Corporation Ltd.

Power Finance Corporation is currently trading at Rs. 120.70, up by 7.50 points or 6.63% from its previous closing of Rs. 113.20 on the BSE.

The scrip opened at Rs. 112.40 and has touched a high and low of Rs. 121.25 and Rs. 111.85 respectively. So far 1118606 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 122.90 on 19-Mar-2019 and a 52 week low of Rs. 67.60 on 17-Jul-2018.

Last one week high and low of the scrip stood at Rs. 122.90 and Rs. 111.65 respectively. The current market cap of the company is Rs. 31482.97 crore.

The promoters holding in the company stood at 61.48%, while Institutions and Non-Institutions held 32.19% and 6.32% respectively.

Power Finance Corporation’s (PFC) wholly owned subsidiary--PFC Consulting has incorporated a wholly owned subsidiary namely ‘Lakadia-Vadodara Transmission Project’. The date of incorporation is March 15, 2019.

The wholly owned subsidiary is incorporated for development of Independent Transmission scheme associated with ‘WRSS-21 (Part-B)- Transmission System strengthening for relieving over loadings observed in Gujarat Intra-state system due to RE injections in Bhui PS’.

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.