PFCL announced that the following 2 Special Purpose Vehicles (SPV's) for the development of Independent Transmission Projects have been incorporated as wholly owned subsidiaries of PFC Consulting Limited (a wholly owned subsidiary of Power Finance Corporation Limited)
1) BIKANER III NEEMRANA TRANSMISSION LIMITED for development of "Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-1: Bikaner Complex) Part-A" on June 08, 2023.
2) NEEMRANA II BAREILLY TRANSMISSION LIMITED for development of "Transmission system for evacuation of power from Rajasthan REZ Ph-IV (Part-1: Bikaner Complex) Part-D' on June 08, 2023.
DSIJ offers a service 'Large Rhino' with recommendations for Large-Cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
Power Finance Corporation Limited is a Systemically Important Non-Deposit taking NBFC registered with the RBI as an Infrastructure Finance Company. It is engaged in extending financial assistance to the Indian power sector.
The stock has a PE of 4.52x and a ROE of 21 per cent. The stock is up 83 per cent in just 1 year and over 130 per cent in 3 years. Investors should keep an eye on this PSU stock under the radar.