Company Profile

POWER FINANCE CORPORATION LTD.

NSE : PFCBSE : 532810ISIN CODE : INE134E01011Industry : Finance Term LendingHouse : PSU
BSE86.055.25 (+6.5 % )
PREV CLOSE (Rs.) 80.80
OPEN PRICE (Rs.) 82.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 688813
TODAY'S LOW / HIGH (Rs.)81.10 87.15
52 WK LOW / HIGH (Rs.)74.2 138.8
NSE86.05 5.3 (+6.56 % )
PREV CLOSE(Rs.) 80.75
OPEN PRICE (Rs.) 81.00
BID PRICE (QTY) 86.05 (1076 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 14129141
TODAY'S LOW / HIGH(Rs.) 81.00 87.20
52 WK LOW / HIGH (Rs.)74.15 138.75

Company News

Date Heading Details
01-Jun-2020 PFC to provide financial assistance of Rs 1.23 crore to Uttarakhand govt <p align="justify">Power Finance Corporation (PFC) has come forward to provide financial assistance of Rs 1.23 crore to the Government of Uttarakhand. The fund will be utilized for procurement of 500 PPE kits for frontline staff and 6 fully equipped ambulances which will be handed over to the health department of the state.&nbsp; The corporate social responsibility (CSR) initiative by PFC will further support the preparedness of the state in its fight against the spread of COVID-19.&nbsp; </p><p align="justify">PFC is central PSU under Ministry of Power and India's leading NBFC.<br></p>
29-May-2020 PFC ties up with TajSats <div align="justify">Power Finance Corporation (PFC) has tied up with TajSats, one of Asia's largest food companies, to provide hygienic and nutritious food to frontline COVID warriors, in yet another step to battle COVID-19 pandemic. As part of this endeavor, PFC will provide packed lunch boxes to Doctors and other Health Medical Staff engaged in treatment of COVID-19 patients at Dr. Ram Manohar Lohia Hospital, New Delhi.</div><div align="justify"><br></div><div align="justify">PFC is central PSU under Ministry of Power and India's leading NBFC.<br></div>
29-May-2020 PFC gains as it ties up with TajSats <DIV align=justify>Power Finance Corporation is currently trading at Rs. 78.25, up by 1.05 points or 1.36% from its previous closing of Rs. 77.20 on the BSE.<BR><BR></DIV><DIV align=justify>The scrip opened at Rs. 77.10 and has touched a high and low of Rs. 79.45 and Rs. 75.90 respectively. So far 332594 shares were traded on the counter.<BR><BR></DIV><DIV align=justify>The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 138.80 on 28-Jun-2019 and a 52 week low of Rs. 74.20 on 27-May-2020.<BR><BR></DIV><DIV align=justify>Last one week high and low of the scrip stood at Rs. 79.45 and Rs. 74.20 respectively. The current market cap of the company is Rs. 20592.63 crore.<BR><BR></DIV><DIV align=justify>The promoters holding in the company stood at 55.99%, while Institutions and Non-Institutions held 39.32% and 4.68% respectively.<BR><BR></DIV><DIV align=justify>Power Finance Corporation (PFC) has tied up with TajSats, one of Asia's largest food companies, to provide hygienic and nutritious food to frontline COVID warriors, in yet another step to battle COVID-19 pandemic. As part of this endeavor, PFC will provide packed lunch boxes to Doctors and other Health Medical Staff engaged in treatment of COVID-19 patients at Dr. Ram Manohar Lohia Hospital, New Delhi.<BR><BR></DIV><DIV align=justify>PFC is central PSU under Ministry of Power and India's leading NBFC.<BR><BR></DIV>
28-May-2020 NTPC, IndoStar Capital Finance and Wipro to see some action today <p align="justify"><strong>NTPC</strong> has decided to foray in electricity distribution business by evincing interest to buy 51 per cent stake in Anil Dhirubhai Ambani Group's (ADAG) two utilities in Delhi. The ADAG has two discoms namely BSES Rajdhani Power (BRPL) and BSES Yamuna Power (BYPL).This assumes significance because NTPC is primarily power generation company. </p><p align="justify"><strong>IndoStar Capital Finance</strong> has raised Rs 1,225 crore equity capital from Brookfield, an alternative asset manager. The investment by Brookfield in the retail-focussed NBFC is a combination of primary investment in equity shares and compulsorily convertible preference shares (CCPS). With this investment, Brookfield will become a co-promoter with 24.6 percent stake, along with IndoStar Capital Mauritius having 45.2 percent holding at present.</p><p align="justify">Wipro Gallagher Solutions (WGS), a <strong>Wipro</strong> company and leading provider of loan origination software solutions, has launched NetOxygen v7.0, the latest version of its NetOxygen loan origination solution platform. NetOxygen v7.0 significantly simplifies every touchpoint in the loan process, making it the most intuitive and responsive version to date. With this release, WGS continues its ongoing efforts to fuel the lender of the future through intuitive technology. NetOxygen v7.0 enhances roadmap features to improve the customer experience, increase efficiencies and reduce cycle time and overall origination costs.</p><p align="justify"><strong>Power Finance Corporation</strong> (PFC) has entered into an agreement with Narmada Basin Projects Company (NBPCL), a wholly-owned company of Government of Madhya Pradesh, to fund projects worth Rs 22,000 crore for 225 MW hydro-electric projects &amp; multipurpose projects in the State of Madhya Pradesh. </p><p align="justify"><strong>Shashijit Infraprojects</strong> has received order for construction of Industrial Shed at Valsad, Gujarat. The approximate value of the project is 135-160 lakh and second order received for Misc. work of Podar School at Gujarat. The approximate value of the project is 35-50 lakh.</p><p align="justify"><strong>Manappuram Finance</strong> has received approval from Board of Directors to raise Rs 500 crore through issuance of the private placement of Rated, Secured, Redeemable Non Convertible Debentures (NCDs).</p><p align="justify"><strong>Bharti Airtel's</strong> subsidiary -- Airtel Payments Bank has teamed up with Mastercard to develop customised financial products for Indian farmers and Small and Medium Enterprises (SMEs) in a bid to deepen penetration of financial services in under banked and unbanked regions. The collaboration will bring together Mastercard's global and local experience in developing advanced financial solutions and Airtel Payments Bank's distribution network to reach the last mile and its large customer base. <br></p>
27-May-2020 PFC inks pact with NBPCL to fund projects worth Rs 22,000 crore <div align="justify">Power Finance Corporation (PFC) has entered into an agreement with Narmada Basin Projects Company (NBPCL), a wholly-owned company of Government of Madhya Pradesh, to fund projects worth Rs 22,000 crore for 225 MW hydro-electric projects &amp; multipurpose projects in the State of Madhya Pradesh. <br><br></div><div align="justify">The funds will be deployed by NBPCL for setting up hydroelectric projects of 225 MW and power components of 12 major multipurpose projects in Madhya Pradesh. The Government of Madhya Pradesh has conducted the pre-feasibility study of these projects and has provided approval for their execution. The disbursal of the amount will be linked to the execution of the projects.<br><br></div><div align="justify">The MoU will help PFC to actively partner with NBPCL and provide finance for hydro-electric plants totaling 225 MW along with power components of multipurpose projects as part of state government's endeavor to implement twelve major multipurpose projects.<br><br></div><div align="justify">Some of the major multipurpose projects that will be financed under the MoU are Basaniya Multipurpose Project Dindori, Chinki Boras Multipurpose Project Narsinghpur Raisen Hoshangabad, Sakkar Pench Link Narsinghpur Chhindwara, Dudhi Project Chhindwara Hoshangabad, etc.<br><br></div><div align="justify">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.</div><div align="justify"><br></div>
27-May-2020 PFC spurts on inking pact with NBPCL to fund projects worth Rs 22,000 crore <p align="justify">Power Finance Corporation is currently trading at Rs. 77, up by 1.90 points or 2.53% from its previous closing of Rs. 75.15 on the BSE.<p align="justify">The scrip opened at Rs. 76.45 and has touched a high and low of Rs. 77.00 and Rs. 74.20 respectively. So far 402434 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 169.55 on 04-Jun-2019 and a 52 week low of Rs. 74.60 on 26-May-2020.<p align="justify">Last one week high and low of the scrip stood at Rs. 89.25 and Rs. 83.70 respectively. The current market cap of the company is Rs. 20275.83 crore.<p align="justify">The promoters holding in the company stood at 55.99%, while Institutions and Non-Institutions held 39.32% and 4.68% respectively.<p align="justify">Power Finance Corporation (PFC) has entered into an agreement with Narmada Basin Projects Company (NBPCL), a wholly-owned company of Government of Madhya Pradesh, to fund projects worth Rs 22,000 crore for 225 MW hydro-electric projects &amp; multipurpose projects in the State of Madhya Pradesh.<p align="justify">The funds will be deployed by NBPCL for setting up hydroelectric projects of 225 MW and power components of 12 major multipurpose projects in Madhya Pradesh. The Government of Madhya Pradesh has conducted the pre-feasibility study of these projects and has provided approval for their execution. The disbursal of the amount will be linked to the execution of the projects.<p align="justify">The MoU will help PFC to actively partner with NBPCL and provide finance for hydro-electric plants totaling 225 MW along with power components of multipurpose projects as part of state government's endeavor to implement twelve major multipurpose projects. Some of the major multipurpose projects that will be financed under the MoU are Basaniya Multipurpose Project Dindori, Chinki Boras Multipurpose Project Narsinghpur Raisen Hoshangabad, Sakkar Pench Link Narsinghpur Chhindwara, Dudhi Project Chhindwara Hoshangabad, etc.<p align="justify">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.<p align="justify">&nbsp;<p align="justify">&nbsp;<p align="justify">&nbsp;</p>
18-Mar-2020 PFC trades higher on the BSE <p align="justify">Power Finance Corporation is currently trading at Rs. 93.25, up by 3.05 points or 3.38% from its previous closing of Rs. 90.20 on the BSE.<br></p><p align="justify">The scrip opened at Rs. 92.50 and has touched a high and low of Rs. 93.75 and Rs. 88.30 respectively. So far 266459 shares were traded on the counter.<br></p><p align="justify">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 138.80 on 28-Jun-2019 and a 52 week low of Rs. 83.00 on 13-Mar-2020.<br></p><p align="justify">Last one week high and low of the scrip stood at Rs. 103.30 and Rs. 83.00 respectively. The current market cap of the company is Rs. 24499.96 crore.<br></p><p align="justify">The promoters holding in the company stood at 55.99%, while Institutions and Non-Institutions held 39.16% and 4.85% respectively.<br></p><p align="justify">Power Finance Corporation (PFC) has signed an agreement with the health department of the Mizoram government to construct a 100-bed hospital in the Mamit district of the northeastern state. The project's cost is Rs 18 crore. The hospital would provide medical care to the people living in Mamit, villages that come under the district and to those living in villages of bordering states.<br></p><p align="justify">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.<br></p>
07-Mar-2020 PFC signs agreement with Mizoram government <p align="justify">Power Finance Corporation (PFC) has signed an agreement with the health department of the Mizoram government to construct a 100-bed hospital in the Mamit district of the northeastern state. The project's cost is Rs 18 crore. The hospital would provide medical care to the people living in Mamit, villages that come under the district and to those living in villages of bordering states.<p align="justify">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.</p>
28-Jan-2020 PFC lists $750 million MTN issue on India INX <p align="justify">Bombay Stock Exchange's India International Exchange (India INX) has listed Power Finance Corporation's (PFC) global notes worth $750 million on its debt listing platform. The maiden issue is part of the company's global medium term note (MTN) programme to raise up to $5 billion in overseas borrowings through debt-instrument. The notes under the programme have been issued at a coupon rate of 3.95 per cent.</p><p align="justify">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.<br></p>
20-Jan-2020 Chalet Hotels, Saregama India and PNC Infratech to see some action today <p align="justify"><strong>Chalet Hotels</strong> has signed a Share Purchase Agreement (SPA) for the purchase of Belaire Hotels (BHPL), owner of Novotel Pune Nagar Road Hotel and its affiliate entity Seapearl Hotels (SHPL) based on an aggregate enterprise value of around Rs 290 crore. The completion of the transaction is subject to fulfillment of certain conditions precedent as agreed in the SPA.<br></p><p align="justify"><strong>Saregama India</strong> has launched Carvaan branded earphones - the GX01. These wired earphones have been specifically designed for an augmented aural experience and come with a 14.2 mm sound driver, Carvaan signature sound and enhanced bass. The GX01 supports high fidelity sound, allows users to receive phone calls or invoke digital assistance, and its microphone ensures crystal-clear audio. Available in two classic colours - black and white - the earphones come with earbuds of three different sizes.<br></p><p align="justify"><strong>PNC Infratech</strong> has bagged order for Rs 639 crore from National Highways Authority of India (NHAI) for EPC Project. The project is for construction of four laning with paved shoulders from Meerut to after bridge over river Yamuna, Haryana via Shamli from km 0+000 to 88+476 of NH 709A in the State of Uttar Pradesh. The scope includes construction of a major bridge over river Yamuna, 7.6 km long bypass, 19.7 km strengthening and overlay in the remaining length of the project. Construction of this project is to be completed in 24 months.<br></p><p align="justify"><strong>Bharti Airtel</strong> has partnered with Future Group to add to the wide range of exciting exclusive benefits it offers to customers as part of its Airtel Thanks program. Under the partnership, all Airtel Thanks customers - Postpaid and Prepaid Mobile, Home Broadband - are eligible for two days of early access on all the super deals during the upcoming Big Bazaar Sabse Sasta 5 Din, which is amongst India's biggest shopping bonanzas.<br></p><p align="justify"><strong>HDFC Bank</strong> has reported 32.77% rise in its net profit at Rs 7416.48 crore for the quarter ended December 31, 2019 as compared to Rs 5585.85 crore for the same quarter in the previous year. Total income of the bank increased by 16.97% at Rs 36039.00 crore for Q3FY20 as compared Rs 30811.27 crore for the corresponding quarter previous year.<br></p><p align="justify"><strong>GMR Infrastructure</strong>'s subsidiary -- GMR Airports (GAL) has signed concession agreement with Kannur International Airport (KIAL) to develop, operate, maintain and manage the Duty-Free outlets at Kannur International Airport on an exclusive basis.<br></p><p align="justify"><strong>Power Finance Corporation</strong> (PFC) has raised $750 million through issuance of overseas bonds to fund business expansion plans. The bonds have a fixed coupon of 3.95 per cent p.a. and a yield of 4.066 per cent. With this offering, the company becomes the first Indian public sector company to issue senior unsecured $bonds with a tenure of more than 10 years.<br></p>