Power Finance Corporation gains as its arm incorporates wholly owned subsidiary
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Power Finance Corporation is currently trading at Rs. 446.90, up by 4.80 points or 1.09% from its previous closing of Rs. 442.10 on the BSE.
The scrip opened at Rs. 442.85 and has touched a high and low of Rs. 447.20 and Rs. 441.25 respectively. So far 90569 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 580.35 on 12-Jul-2024 and a 52 week low of Rs. 351.85 on 20-Mar-2024.
Last one week high and low of the scrip stood at Rs. 466.80 and Rs. 436.20 respectively. The current market cap of the company is Rs. 146953.53 crore.
The promoters holding in the company stood at 55.99%, while Institutions and Non-Institutions held 35.17% and 8.83% respectively.
Power Finance Corporation’s wholly owned subsidiary -- PFC Consulting has incorporated Special Purpose Vehicle (SPV) as its wholly owned subsidiary (WOS) namely Fatehgarh II And Barmer I PS Transmission for ‘Augmentation at Fatehgarh-11 PS, Fatehgarh-IV PS (Section-II) and Barmer-I PS’. The SPV has to be transferred to the Successful Bidder selected through International Competitive Bidding Process under Tariff Based Competitive Bidding Guidelines for Transmission Service issued by Ministry of Power.
Earlier, PFC Consulting had been appointed by Central Electricity Authority (CEA) on September 25, 2024 as Bid Process Coordinator (BPC) for the purpose of selection of Bidder as Transmission Service Provider (TSP) to establish the above-mentioned transmission system through Tariff Based Competitive Bidding Process.
Power Finance Corporation is central PSU under Ministry of Power and India's leading NBFC.
