Power Finance Corporation Ltd.

Power Finance Corporation is currently trading at Rs. 130.40, up by 1.75 points or 1.36% from its previous closing of Rs. 128.65 on the BSE.

The scrip opened at Rs. 128.00 and has touched a high and low of Rs. 131.10 and Rs. 128.00 respectively. So far 83847 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 136.10 on 06-Jun-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. 134.20 and Rs. 127.40 respectively. The current market cap of the company is Rs. 34347.46 crore.

The promoters holding in the company stood at 59.05%, while Institutions and Non-Institutions held 35.33% and 5.63% respectively.

Power Finance Corporation (PFC) has signed a performance based ‘Memorandum of Understanding’ (MoU) with REC (formerly Rural Electrification Corporation) detailing various targets to be achieved by REC during FY 2019-20.

The MoU contains various financial and Non-financial parameters including sector-specific and result oriented measurable parameters.

PFC had acquired entire government stake representing 52.63% of the share capital of REC at a consideration of around Rs 14500 crore on March 28, 2019 thus becoming the holding company and also a promoter of REC.

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.