DSIJ Mindshare

The company is engaged in the business of establishing, commissioning, setting up, operating and maintaining electric power transmission systems in India. 

According to the financials, PFCL has a market cap of over Rs 53,000 crore with a 1-year CAGR of 98 per cent. The company’s maximum stake is owned by The President of India (55.99 per cent) as of March 2023. The company reported excellent numbers in its quarterly results and annual results.

On Tuesday, at 03:30 pm, indices ended the trading session in green with the BSE Sensex Index up 0.25 per cent at 63,327.70 and the NSE Nifty-50 Index up 0.33 per cent at 18,816.70. 

The company has a healthy dividend payout ratio of 44.4 per cent.

On June 20, the market is expected to open slightly lower as indicated by the SGX Nifty, which shows a negative start for the benchmark indices with a decline of 48.5 points. The session began at 18,827 points, and in early trade, SGX futures reached a high of 18,828.