|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||0.65|
|PE Ratio (TTM)||3.50|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||122.80|
ArcelorMittal SA, the world's biggest steelmaker, has bid 48 billion rupees (520.67 million pounds) to acquire Essar's 1200 megawatt power plant in central India, one of the most prized assets in the debt-ridden group's power portfolio. The bid for the power plant once again pits ArcelorMittal chief Lakshmi Mittal against the Ruia family, who are already fighting to prevent their flagship steel asset from falling into the hands of the global steel giant. Essar's creditors are selling many of the group's assets to recover billions of dollars of loans, leaving Essar Group with little say over who buys the assets.
(Reuters) - Power Finance Corp Ltd said on Monday the company was not considering extending the open offer to the minority stakeholders for its deal with REC Ltd. There has been no finalisation on the ...
A series of vote-catching measures planned by Indian Prime Minister Narendra Modi as he braces for a difficult general election may cost more than 1 trillion rupees ($14 billion), two sources with direct knowledge of the matter said. Much of the cost of the extra spending or revenue losses would have to be borne by the government that will take charge after the election due by May. The spending is also likely to delay plans to reduce the government's budget deficit, a key indicator of the nation's economic health. Modi's Bharatiya Janata Party (BJP) lost three major state elections at the end of last year, largely due to anger in rural India in the face of low crop prices and rising costs.
The Indian government on Thursday approved a plan by one state-owned lender to the power industry, Power Finance Corp to acquire a majority stake in a similar government-controlled lender, REC Ltd, Finance Minister Arun Jaitley said. The government did not disclose the price of the 52.63 percent stake but based on REC's closing share price on Thursday, it would be worth around 108 billion rupees ($1.52 billion). The sale may allow the government to say that it is getting closer to meeting its target of raising 800 billion rupees through the sale of government stakes in various entities in the year ending March 31, 2019.
Over the past 10 years Power Finance Corporation Limited (NSE:PFC) has been paying dividends to shareholders. The company is currently worth ₹241.7b, and now yields roughly 8.2%. Does Power Finance Read More...
The most recent earnings update Power Finance Corporation Limited’s (NSE:PFC) released in March 2018 suggested that the company gained from a significant tailwind, more than doubling its earnings from the Read More...
I am writing today to help inform people who are new to the stock market and want to begin learning about how to value company based on its current earningsRead More...
Attractive stocks have exceptional fundamentals. In the case of Power Finance Corporation Limited (NSE:PFC), there’s is a dependable dividend payer that has been a rockstar for income investors, currently tradingRead More...
Examining Power Finance Corporation Limited’s (NSE:PFC) past track record of performance is an insightful exercise for investors. It allows us to reflect on whether or not the company has metRead More...
Moody's Investors Service has assigned a (P)Baa3 senior unsecured rating to Power Finance Corporation Limited's (PFC) USD1 billion medium-term note (MTN) program. PFC's foreign-currency issuer rating of Baa3 is supported by (1) the government's 65.61% ownership in the company as of June 2018, (2) the government's representation on the company's board, (3) the company's classification as a public-sector undertaking, and (4) the strategic role the company plays in the government's plans for the power sector. PFC's ratings could be upgraded if there is a material improvement in the company's financial metrics, including its asset quality and liquidity profile, as well as in the operating environment in the power sector.
Power Finance Corporation Limited (NSE:PFC), a diversified financial company based in India, saw a decent share price growth in the teens level on the NSEI over the last few months.Read More...