BUSINESS PROFILE :
Power Finance Corporation (PFC), a government of India undertaking under the administrative control of ministry of power, provides a range of fund based and non fund based support to the Indian power sector including financial and fund based services, institutional development services and others including fee based consultancy services.
The clients of the company include state power utilities, central power sector utilities, power departments, private power sector utilities (including independent power producers), joint sector power utilities, power equipment manufacturers and power utilities run by local municipalities.
The company along with the ministry of power is working together on nine ultra mega power projects (UMPP) each having capacity of about 4,000 MW.
PFC had entered the capital markets with an IPO in February 2007. The shares of the company were priced in the range Rs 73-85 a share.
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