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Last 265.65 INR
Change Today 0.00 / 0.00%
Volume 0.0
As of 7:06 AM 04/30/15 All times are local (Market data is delayed by at least 15 minutes).

power finance corporation (POWF) Snapshot

Open
262.60
Previous Close
263.60
Day High
268.00
Day Low
255.05
52 Week High
06/9/14 - 344.75
52 Week Low
05/5/14 - 185.15
Market Cap
350.7B
Average Volume 10 Days
1.9M
EPS TTM
41.38
Shares Outstanding
1.3B
EX-Date
03/4/15
P/E TM
6.4x
Dividend
8.70
Dividend Yield
3.27%
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, Chairman 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
Compensation as of Fiscal Year 2014.

power finance corporation (POWF) Key Developments

Update On Government Stake Sale In REC & PFC

The Government is reportedly set to sell 5% in Rural Electrification Corporation Limited (BSE:532955) on April 8, 2015 followed by the sale of 5% stake in Power Finance Corporation Limited (BSE:532810) next week. The Government plans to sell the stake through an offer for sale on the stock exchanges. The sale will help the Government raise INR 35 billion.

Government Of India Mulls Privatization Of State-Owned Companies

The government of Indian is seeking privatization of Public Utility Companies. The government could launch the disinvestment programme for 2015-2016 as early as the second week of April, provided market conditions remain favourable. It is likely to choose between a power sector and heavy industry firm for the first issue, a senior government official said. The disinvestment department is in a position to start early, having secured the Cabinet approval for stake sales in 10 companies, including Steel Authority of India Limited (BSE:500113), Coal India Limited (BSE:533278), Power Finance Corporation Limited (BSE:532810), Bharat Heavy Electricals Ltd. (BSE:500103) (BHEL), Rural Electrification Corporation Limited (BSE:532955) and NHPC Ltd. (BSE:533098). "So far, our strategy has been to surprise the markets. We have issues such as National Aluminium Co. Ltd. (BSE:532234) (Nalco) and NMDC Limited (BSE:526371) (NMDC) in our kitty. In an interview to Economic Times after the budget, Disinvestment Secretary Aradhana Johri had said that she faced a big challenge in FY 2016. "We will have 12 issues ready for disinvestment in FY2015-2016 but we will need to see market conditions. There are some constraints," she said. Besides smaller issues, the disinvestment department also has approval for 10% stake sale in Indian Oil Corporation Limited (BSE:530965) (IOC) and 5% in Oil and Natural Gas Corp. Ltd. (BSE:500312) (ONGC), which may fetch it around INR 210 billion at current market prices. "But the time is not conducive for stake sale in oil firms such as ONGC or IOC because of the global situation and also because of subsidy issues," said the official. Earlier this month, Minister of State for Finance, Jayant Sinha had told the Lok Sabha that the Cabinet Committee on Economic Affairs has approved sale of equity in four state-owned companies, including ONGC and NMDC, which may fetch the exchequer INR 225.74 billion. In a written reply, Jayant Sinha had said that based on the current market valuations, a 5% stake sale in ONGC could yield INR 132.17 billion while a 10% sale each in NMDC and Nalco would fetch about INR 50.38 billion and INR 11.9 billion, respectively. Jayant Sinha added that a 5% stake sale in BHEL could yield as much as INR 31.29 billion.

Power Finance Corporation Limited, Board Meeting, Feb 27, 2015

Power Finance Corporation Limited, Board Meeting, Feb 27, 2015. Agenda: To consider declaration of interim dividend for the financial year 2014-15; and to fix March 05, 2015 as the record date for the purpose of ascertaining the eligibility of the shareholders for payment of interim dividend.

 

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ICICI Bank Ltd 331.15 INR +1.00
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Industry Analysis

POWF

Industry Average

Valuation POWF Industry Range
Price/Earnings 5.5x
Price/Sales -- Not Meaningful
Price/Book -- Not Meaningful
Price/Cash Flow 5.5x
TEV/Sales -- Not Meaningful
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