PFC rises on inking loan pact for JPY 30 billion with Japan Bank for International Cooperation
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Power Finance Corporation is currently trading at Rs. 108.70, up by 1.05 points or 0.98% from its previous closing of Rs. 107.65 on the BSE.
The scrip opened at Rs. 108.50 and has touched a high and low of Rs. 109.00 and Rs. 107.65 respectively. So far 27304 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 153.75 on 18-Oct-2021 and a 52 week low of Rs. 97.15 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 109.00 and Rs. 105.70 respectively. The current market cap of the company is Rs. 28420.48 crore.
The promoters holding in the company stood at 55.99%, while Institutions and Non-Institutions held 30.34% and 13.66% respectively.
Power Finance Corporation (PFC) has inked a loan pact for JPY 30 billion with Japan Bank for International Cooperation (JBIC). JBIC has provided this long term facility to PFC under its initiative 'Global action for Reconciling Economic growth and Environmental preservation' (GREEN), wherein JBIC provides financing for projects which ensure the effective reduction of greenhouse gas emissions and conservation of the global environment. Thus, the funds under the facility would be used by PFC to finance its renewable energy portfolio.
This facility from JBIC would be a landmark transaction demonstrating the Quad partners' strong unity and robust commitment to the Indo-Pacific region, while also enhancing the bilateral cooperation between Japan and India. The facility would also help PFC in providing competitive rates for renewable power projects.
PFC is central PSU under Ministry of Power and India's leading NBFC.
