A Financial Institution dedicated to Power Sector financing and committed to the combined development of the power and associated sectors was established in 1986 and registered as a Non Banking Financial Company in 1990, honored with the prestigious status of “Nav-Ratna” by Government of India in 2007 is none other than Power Finance Corporation Limited, an ISO 9001:2000 certified company providing a wide variety of Financial Products and Services such as, Project Term Loan, Lease Financing, Direct Discounting of Bills, Short Term Loan and Consultancy Services for various Power projects in Generation, Transmission, and Distribution sector as well as for innovative maintenance plans & Modernization of already functional plants.
In a long and short term development program Ministry of Power, Central Electricity Authority and Power Finance Corporation have collaborated to facilitate diversification and development of Ultra Mega Power Projects with the capacity of 4000 MW each under Tariff based competitive bidding route. These projects would carter all power needs of consumer and industry market through transmission of power on regional and national grids.
According to asset analysis report the net worth of the company is 8,688 Crore Indian Rupees in 2008 and sole ownership of nine subsidiary companies and six other power companies in almost every major city in India. Goverment of India owned the entire company until recently, in 2007 the company issued an IPO and it was oversubscribed by 76 times, which is the largest for an IPO of any Indian Company. The company has been honored with many prestigious awards like, KPMG-Infrastructure Today and India power award in 2008.
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Buy PFC with intra-day target of Rs 315 and stop loss of Rs 297, says Anil Singhvi, market analyst, on CNBC Awaaz. The stock is currently trading at Rs 304, up 0.6% on the BSE.
Buy PFC with target of Rs 286 and stop loss of Rs 267, says Ashwani Gujral, technical analyst, on CNBC TV18. The stock is currently trading at Rs 271, up 1.47% on the BSE.
Buy PFC with a target of Rs 280 and stop loss of Rs 260, says Parsh Zaveri, technical analyst, on CNBC Awaaz, as closing market strategy.
Buy PFC with intra-day target of Rs 265 and stop loss of Rs 253, says Sudarshan Sukhani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 260.05, up 1.6% on the BSE.
Buy PFC with intra-day target of Rs 265 and stop loss of Rs 253, says Sudarshan Sukhani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 260.05, up 1.6% on the BSE