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PFC spurts as its arm incorporates two wholly owned subsidiaries

Power Finance Corporation is currently trading at Rs. 115.55, up by 0.50 points or 0.43% from its previous closing of Rs. 115.05 on the BSE.

The scrip opened at Rs. 115.00 and has touched a high and low of Rs. 115.55 and Rs. 114.45 respectively. So far 16977 shares were traded on the counter.

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. 83.35 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 119.90 and Rs. 110.90 respectively. The current market cap of the company is Rs. 30374.14 crore.

The promoters holding in the company stood at 56.16%, while Institutions and Non-Institutions held 38.63% and 5.22% respectively.

Power Finance Corporation’s (PFC) wholly owned subsidiary — PFC Consulting has incorporated two wholly owned subsidiaries namely Koppal-Narendra Transmission and Karur Transmission.

The company has incorporated Koppal-Narendra Transmission for development of transmission scheme associated with evacuation of power from RE sources in Koppal wind Energy zone (Karnataka) (2500 MW). Besides, the company has incorporated Karur Transmission for development of transmission scheme associated with evacuation of power from RE sources in karur/Tiruppur wind energy zone (Tamil Nadu) (2000 MW) and transmission system for providing connectivity to RE project in Gujarat.

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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