Power Finance Corporation Ltd Share Price – NSE  / BSE

Finance, Mid Cap

Power Finance Corporation announced that its wholly owned subsidiary, PFC Consulting has incorporated a special purpose vehicle (SPV) named Satara Power Transmission. This SPV will be transferred to the successful bidder selected through International Competitive Bidding Process under Tariff Based Competitive Bidding Guidelines for Transmission Service issued by Ministry of Power.

Power Finance Corporation Ltd fell for a fifth straight session today. The stock is quoting at Rs 412, down 0.28% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.71% on the day, quoting at 24224.45. The Sensex is at 77600.28, down 0.74%.Power Finance Corporation Ltd has eased around 5.42% in last one month.Meanwhile, Nifty Financial Services index of which Power Finance Corporation Ltd is a constituent, has increased around 6.5% in last one month and is currently quoting at 26985.05, down 0.74% on the day. The volume in the stock stood at 28.89 lakh shares today, compared to the daily average of 60.3 lakh shares in last one month.

The benchmark July futures contract for the stock is quoting at Rs 413.45, down 0.18% on the day. Power Finance Corporation Ltd tumbled 1.38% in last one year as compared to a 4.91% slide in NIFTY and a 1% fall in the Nifty Financial Services index.

The PE of the stock is 6.8 based on TTM earnings ending March 26.

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The boards approved a share exchange ratio of 88 equity shares of PFC for every 100 equity shares of REC held by shareholders. Following the merger, REC shareholders will receive 88 PFC shares for every 100 REC shares they own, while their REC shares will be cancelled.

The proposed merger will create India's largest power sector financing institution with a combined loan book of more than Rs 11 lakh crore. PFC currently holds a 52.63% stake in REC, while the Government of India owns a 55.99% stake in PFC.

The merger remains subject to approvals from shareholders, stock exchanges, the Securities and Exchange Board of India (SEBI), the National Company Law Tribunal (NCLT) and other statutory authorities. The record date for determining eligible shareholders has not yet been announced.

Analysts said the merger strengthens the long-term outlook for the combined entity by creating a larger financing platform for India's expanding power sector.

Power Finance Corporation is a Schedule-A Maharatna CPSE, and is a leading non-banking financial corporation in the country.

REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC).

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Power Finance Corporation has fixed 31 July 2026 as record date for purpose of payment of final dividend of Rs 3.95 per equity share for FY 2026.