Power Finance (BOM:532810)

The Economic Times  Dec 1  Comment 
Buy Power Finance Corporation Ltd. at a price target of Rs 138 and a stop loss at Rs 131 from entry point
The Economic Times  Nov 28  Comment 
Buy Power Finance Corporation Ltd. at a price target of Rs 146 and a stop loss at Rs 123 from entry point
The Economic Times  Nov 25  Comment 
Buy Power Finance Corporation Ltd. at a price target of Rs 141 and a stop loss at Rs 121 from entry point
The Economic Times  Nov 21  Comment 
Buy Power Finance Corporation Ltd. at a price target of Rs 133 and a stop loss at Rs 122 from entry point
The Hindu Business Line  Nov 9  Comment 
State-owned Power Finance Corporation (PFC) today posted 10.5 per cent increase in standalone net profit at ₹ 1,873.42 crore for the quarter ended September 30, 2016.The company had posted a standalo...
The Economic Times  Oct 5  Comment 
Buy Power Finance Corporation Ltd. with a target of Rs 137 and a stop loss of Rs 119
The Economic Times  Oct 2  Comment 
BP Pandey will take over from Rajeev Sharma, who on Saturday became chairman and managing director of Power Finance Corporation.
The Hindu Business Line  Oct 1  Comment 
Rajeev Sharma has taken over as the Chairman and Managing Director of state-run Power Finance Corporation (PFC) with effect from today.Sharma succeeds M K Goel who retired on September 30, 2016 on at...
The Economic Times  Sep 22  Comment 
Power Finance Corporation volume surging in market. Buy for a target of Rs 130 and a stop loss of Rs 118.


Power Finance Corporation (PFC) is a leading power sector public financial institution and a non-banking financial company (NBFC) providing fund and non-fund based support for the development of the Indian power sector. PFC commenced its operations in fiscal 1988 as part of the Government of India’s initiative to enhance funding of power projects in India. It initially provided funding to power projects for state electricity boards (SEBs) and power departments. In line with the government’s decision to encourage private sector participation, it began financing power projects in the private sector from fiscal 1997. It has been designated as the nodal agency by the Government of India for the development of seven ultra mega power projects. As of November 30, 2006, the company had incorporated seven wholly owned subsidiary companies to act as special purpose vehicles (SPVs) for these projects. The NBFC was granted ‘Navratna’ status in 2007.

In FY09, PFC reported 25% YoY growth in net interest income on the back of 25% YoY growth in advances. Despite of decline in approvals, disbursements were higher by 30%. The difference in sanctions and disbursements is because PFC is a project driven organization. Net interest margin improved from 3.7% in FY08 to 3.8% in FY09.The quality of PFC's loan portfolio continued to be excellent, with gross non-performing loans at just 0.02% of total loan portfolio.

PFC will continue to maintain its good asset quality position due to its strong credit and project appraisal skills and disciplined risk management practices. Its ability to access long term funding sets it apart from financial institutions in the private sector. Given the investment opportunities in infrastructure segment, particularly power, the growth potential is immense. The softening of interest rates also reduces the likelihood of bad debts.

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