Last 272.85 INR
Change Today 0.00 / 0.00%
Volume 0.0
POWF On Other Exchanges
Symbol
Exchange
Natl India
As of 11:00 AM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

power finance corporation (POWF) Snapshot

Open
273.60
Previous Close
272.80
Day High
275.00
Day Low
272.25
52 Week High
06/9/14 - 344.75
52 Week Low
10/29/13 - 120.10
Market Cap
360.2B
Average Volume 10 Days
3.6M
EPS TTM
41.38
Shares Outstanding
1.3B
EX-Date
09/10/14
P/E TM
6.6x
Dividend
9.00
Dividend Yield
3.30%
Current Stock Chart for POWER FINANCE CORPORATION (POWF)

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power finance corporation (POWF) Details

Power Finance Corporation Limited provides financial products, and related advisory and other services to the power sector in India. The company offers fund based financial policies/products, including asset acquisition; bridge, corporate, short term, and rupee and foreign currency term loans; short/medium term loan to equipment manufacturers; short term loan for SPV; buyer’s line of credit; credit facility for purchase of power; and direct discounting of bills for buyers and sellers. The fund based financial policies/products also include debt refinancing; energy saving projects; fuel supply projects and equipment manufacturers financing; grants/interest free loans for studies/consultancies; lease financing for wind power projects and purchase of equipment; line of credit for import of coal; and solar PV policy to power generation projects and private sector. Its non-fund based products comprise guarantee, guarantee for credit enhancement, and letter of comfort. The company also provides consultancy services in the areas of procurement of power by distribution licensees through tariff based competitive bidding; renewable and non-conventional energy schemes; coal block JVs; selection of developers for coal blocks and linked power projects; selection of EPC contractors; reform, restructuring, and regulatory aspects; capacity building and human resource development; and execution of ultra mega power projects, and independent transmission projects. In addition, it offers acquisition advisory services; financing of equipment manufacturing facilities, fuel sources development and distribution projects, and renewable energy sector projects; and consortium lending services. The company serves state power utilities, central power sector utilities, power departments, joint sector power utilities, private power sector utilities, including independent power producers, etc. Power Finance Corporation Limited was founded in 1986 and is based in New Delhi, India.

446 Employees
Last Reported Date: 08/25/14
Founded in 1986

power finance corporation (POWF) Top Compensated Officers

Chairman, Managing Director, Director of Comm...
Total Annual Compensation: 4.7M
Director of Finance, Whole Time Director, Mem...
Total Annual Compensation: 4.0M
Director of Projects, Whole-Time Director, Me...
Total Annual Compensation: 3.1M
Executive Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

power finance corporation (POWF) Key Developments

Government To Divest Stakes On REC, PFC And Others

The finance ministry is preparing the divestment roadmap to meet 25% public shareholding norm for PSUs. The Finance Ministry is expected to seek CCEA nod soon, on 5% divestment in Rural Electrification Corporation Limited (BSE:532955) and Power Finance Corporation Limited (BSE:532810). The other likely candidates for 25% public shareholding norm include Rashtriya Chemicals And Fertilizers Limited (BSE:524230), Dredging Corp. of India Ltd. (BSE:523618), National Fertilizers Limited (BSE:532810), MMTC Ltd. (BSE:513377) and The State Trading Corporation of India Ltd.

The Power Finance Corporation to Fund the Expansion of the AP Genco Krishnapatnam Power Project in Andhra Pradesh

The Power Finance Corporation (PFC) has agreed to fund the expansion of the AP Genco Krishnapatnam power project in Nellore district of Andhra Pradesh. The project now has a functional 800 MW unit and second unit of 800 MW is ready for commissioning. At a meeting with Chief Minister N Chandrababu Naidu, the PFC team led by its Chairman and Managing Director MK Goel, have agreed to fund around INR 35.42 billion for the expansion of Krishnapatnam unit with a capacity of 800 MW. The PFC also expressed its intent to provide around INR 70.00 billion more for new transmission schemes of AP Transco in the next two to three years. The unit-I of 800 MW which was commissioned earlier this year is now under the process of stabilisation towards generation with full capacity. The second unit is also in the process of commissioning. AP Genco is now looking at further expansion of this project. According to the State Energy Department, the PFC is likely to invest about INR 150.00 billion in the State over a span of two-three years. This includes INR 70.00 billion in transmission, INR 30.00 billion in power generation and INR 50.00 billion in distribution system in the State.

Power Finance Corporation Limited Approves Final Dividend for the Year 2013-14

Power Finance Corporation Limited announced that at its AGM held on September 26, 2014, shareholders approved the declaration of final dividend of INR 0.20 per share on face value of INR 10 per share for the year 2013-14.

 

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POWF

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Price/Earnings 5.5x
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Price/Cash Flow 5.5x
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