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24-Jan2019

Power Finance surges on the bourses

Power Finance Corporation is currently trading at Rs. 103.25, up by 1.40 points or 1.37% from its previous closing of Rs. 101.85 on the BSE.

The scrip opened at Rs. 101.80 and has touched a high and low of Rs. 103.50 and Rs. 101.80 respectively. So far 130611 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 122.40 on 24-Jan-2018 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. 109.50 and Rs. 100.75 respectively. The current market cap of the company is Rs. 27285.24 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 (PFC) has sanctioned a Rs 7,785-crore term loan in two packages for the Kaleshwaram irrigation project in Telangana. The project envisages irrigation facilities for an ayacut of 16.40 lakh acres in drought-prone areas of seven districts of the state.

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.


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