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Diversified Financial Services
ENERGY & UTILITIES
pfcindia.com

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Founded Year

1986

Stage

Corporate Majority - P2P | IPO

Market Cap

317.60B

About Power Finance

Power Finance is an infrastructure finance company dedicated to financing the power sector. It was established by the government of India to provide exclusive focus for financing and development of the power sector in the country.

Power Finance Headquarter Location

Suite #311, 3rd Floor "Shreshta Bhumi” Opp KIMS, 87 K.R.Road

Bengaluru, 560004,

India

+91-80-26617056

Latest Power Finance News

Stocks To Watch: Shree Cement, LIC Housing, Jindal Steel, Zee Entertainment, Power Finance

Sep 15, 2021

Sep 15 2021, 7:32 AM September 15 2021, 7:32 AM September 15 2021, 7:32 AM India's stock benchmarks closed higher on Tuesday aided by gains in auto, I.T., banking and consumer discretionary stocks.The S&P BSE Sensex rose 0.12% to 58,247.09. The 30-stock index hit a intraday high of 58,482.62, slightly below the record high of 58,553.07 reached on September 7. The NSE Nifty 50 advanced by a similar magnitude to 17,380. The 50-stock index hit a record 17,438.55 in intraday trade. India's stock benchmarks closed higher on Tuesday aided by gains in auto, I.T., banking and consumer discretionary stocks. The S&P BSE Sensex rose 0.12% to 58,247.09. The 30-stock index hit a intraday high of 58,482.62, slightly below the record high of 58,553.07 reached on September 7. The NSE Nifty 50 advanced by a similar magnitude to 17,380. The 50-stock index hit a record 17,438.55 in intraday trade. Here are the stocks to watch in trade today: Shree Cement: To set up integrated cement plant in Nawalgarh Tehsil of Rajasthan with clinker capacity of 3.8 Million Ton Per Annum and cement capacity of up to 3.5 MTPA. The plant will cost company Rs 3,500 crore. The proposed capacity will be added by quarter ended March 2024. The company will also set up solar power plants with capacity up to 106 MWp. The plants will be set to meet the captive power requirement of cement plants. Investment required for power plants estimated at Rs 500 crore. The proposed capacity to be set by quarter ending September 2022. Further, the company’s wholly owned subsidiary, Shree Cement East Pvt Ltd, will set up a clinker grinding unit with capacity of 3 MTPA in Purulia district of West Bengal. The unit will cost company Rs 750 crore. LIC Housing Finance: Promoter Life Insurance Corporation of India's stake in the company increased to 45.239% from 40.313% post preferential allotment. Power Finance Corporation: UBS Group AG increased stake in the company to 5.67% from 3.4% earlier, through the rights issue. Jindal Steel & Power: CRISIL Ratings has upgraded the rating of the Long-Term Bank Facilities of the company to A+/positive from A-/stable. The rating agency also upgraded Short-Term Bank Facilities’ rating to A1+ from A2+. Gail (India): The company is in process of accepting Letter of Intent and signing a Sale and Purchase Agreement with IL&FS to acquire 26% equity stake of IL&FS group in ONGC Tripura Power Company. After acceptance of LOI by GAIL and signing of SPA, IL&FS will send the proposal to NCLT. The transaction will be completed after NCLT approval. UTI Asset Management Company: Board of Directors to meet on September 20 to consider and approve general matters of the company. PI Industries: Shareholders have approved promotion of Rajnish Sarna from Whole-time Director to Joint Managing Director of the company w.e.f. May 18. Pledge Share Details Adani Ports and SEZ: Promoter group (Gautam Adani and Rajesh Adani) revoked pledge of 11.80 lakh shares on September 13. Adani Green Energy: Promoter group (Gautam Adani and Rajesh Adani) created a pledge of 8 lakh shares on September 13. Adani Enterprises: Promoter group (Gautam Adani and Rajesh Adani) created a pledge of 5.50 lakh shares on September 13. Ajanta Pharma: Promoter Ravi Agrawal revoked pledge of 2.79 lakh shares on September 13. Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 3 lakh shares on September 9. As reported on September 14. Bulk Deals Zee Entertainment Enterprises: Rare Enterprises bought 50 lakh shares (0.52%) at Rs 220.44 per share. Bofa Securities Europe SA bought 48.65 lakh shares (0.51%) at Rs 236.2 per share. Esab India: Pramerica Mutual Fund bought 2.70 lakh shares (1.75%) at Rs 2,235 per share. Acacia Conservation Fund LP sold 3.61 lakh shares at Rs 2,235.28 per share. Insider Trades

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