Saturday, May 7, 2011

Upcoming FPO - Power Finance Corporation Ltd

Power Finance fixes it's FPO price band at Rs 193/- at lower level and Rs 203/- at upper level. The issue of PFC FPO opens on May 10, 2011 and closes for subscription on May 13, 2011.


NSE Symbol: PFC
53 week High: 385 Rs.

PFC was set up on 16th July 1986 as a Financial Institution (FI) dedicated to Power Sector financing and committed to the integrated development of the power and associated sectors. The Corporation was notified as a Public Financial Institution in 1990 under Companies Act, 1956.

PFC's product portfolio comprise of Financial Products and Services like Project Term Loan, Equipment Lease Financing, Discounting of Bills, Short Term Loan, and Consultancy Services etc. for various Power projects in Generation, Transmission, and Distribution sector as well as for Renovation & Modernization of existing power projects.

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