Last 246.45 INR
Change Today 0.00 / 0.00%
Volume 0.0
POWF On Other Exchanges
Symbol
Exchange
Natl India
As of 7:06 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

power finance corporation (POWF) Snapshot

Open
248.95
Previous Close
248.30
Day High
251.40
Day Low
243.60
52 Week High
06/9/14 - 344.75
52 Week Low
10/29/13 - 120.10
Market Cap
325.3B
Average Volume 10 Days
2.8M
EPS TTM
41.38
Shares Outstanding
1.3B
EX-Date
09/10/14
P/E TM
6.0x
Dividend
9.00
Dividend Yield
3.65%
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

Creditors Reportedly Look To Sell Shree Maheshwar Hydel Power

Creditors of Shree Maheshwar Hydel Power Corp. Ltd are seeking to sell it to bad-loan acquirers after attempts to restructure it failed, two persons with knowledge of the development said. State Bank of India, which has an exposure of INR 20 billion in the firm, has recently put it up for sale, said one of the two persons. The lenders consortium has a total exposure of INR 22 billion, to which Power Finance Corp. Ltd is the lead lender with an exposure of INR 7 billion and Rural Electrification Corp. Ltd has an exposure of INR 2.5 billion. A mail seeking details about the sale of assets and revival plans sent to Entegra Ltd, the promoter of the project, remained unanswered.

Govt Initiates Process To Appoint Advisors For PFC, REC Share Sales

The Government of India has initiated the process of appointing merchant bankers to sell stakes in Power Finance Corporation Ltd. (BSE:532810) (‘PFC’) and Rural Electrification Corporation Ltd. (BSE:532955) (‘REC’). The disinvestment department will select one common law firm for advising on the sale of 5% stake each in PFC and REC, which could fetch around INR 30 billion to the exchequer. The legal advisors are required to submit their bids to the Department of Disinvestment by September 22, 2014, according to the Finance Ministry. Shares of PFC closed at INR 263.90 up 0.59%, on the BSE. Shares of REC closed at INR 273.85, up 1.94%, on the BSE. The Government estimates to collect INR 434.25 billion through disinvestment in Public Sector Undertakings.

Govt Seeks Bids For Share Sales In PFC, REC

The government invited bids from investment banks to manage planned share sales in Power Finance Corp Ltd (BSE:532810) and Rural Electrification Corp Ltd (BSE:532955). The government plans to sell 5% in each, the finance ministry's divestment department said. The last date for submitting bids is September 22, 2014. Up to three investment banks will be appointed to manage each offering. The stake sales are part of the government's plan to raise about $10.5 billion from asset sales during the current fiscal year to March 2015 to help plug its budget deficit.

 

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POWF

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Valuation POWF Industry Range
Price/Earnings 5.0x
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Price/Cash Flow 5.0x
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