Power Finance (BOM:532810)

QUOTE AND NEWS
The Economic Times  Apr 3  Comment 
Power Finance Corporation Ltd is a ‘SELL’ call with a target of Rs 175 and a stop loss of Rs 192.
The Economic Times  Apr 2  Comment 
Power Finance is a 'BUY' call with a target of Rs 200 and a stop loss of Rs 192.
The Economic Times  Feb 6  Comment 
Buy Power Finance Corporation Ltd at a stop loss of Rs 145 and target Rs 160.
The Economic Times  Feb 5  Comment 
Shares of state-run Power Finance Corp today rose by as much as 5.5 per cent after the company posted an over 37 per cent jump in net profit
The Economic Times  Feb 5  Comment 
Shares in Power Finance Corp gained after its Dec-qtr earnings rose 37.3% to 1,534 cr rupees, beating some analysts' estimates.
The Economic Times  Feb 4  Comment 
State-run Power Finance Corp today posted over 37 per cent jump in net profit to Rs 1,534.31 crore for the October-December period.
Cloud Computing  Jan 23  Comment 
Climate Change Business Journal® (CCBJ), a business research publication for the climate change industry, has named Clean Power Finance® a winner of its 2013 Business Achievement: Finance award. read more
Benzinga  Jan 8  Comment 
Clean Power Finance and Integrys Energy Services, a subsidiary of Integrys Energy Group, Inc. (NYSE: TEG) today announced the creation of a residential solar finance fund through the CPF Market®, an online platform...
The Economic Times  Dec 30  Comment 
Power Finance Corporation is a 'Sell' with a target of Rs 152 and a stop loss of Rs 165.
The Hindu Business Line  Dec 17  Comment 
The Public Enterprises Selection Board (PESB) has selected M. K. Goel for the post of Chairman and Managing Director of Power Finance Corporation Ltd (PFC). Currently Goel is the Director...




 

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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