Power Finance (BOM:532810)

QUOTE AND NEWS
The Economic Times  Dec 30  Comment 
Buy Power Finance Corporation Ltd. at a price target of Rs 126 and a stop loss at Rs 119 from entry point
The Economic Times  Dec 27  Comment 
Sell Power Finance Corporation Ltd. at a price target of Rs 103 and a stop loss at Rs 121 from entry point
The Economic Times  Dec 21  Comment 
There is no risk from SEB exposure; losses on private projects
The Hindu Business Line  Dec 20  Comment 
Power Finance Corporation (PFC) will offer TV sets to residents of 1,600 villages in Arunachal Pradesh under its corporate social responsibility (CSR) programme, according to Union Power Minister P...
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...




 

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.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki