PTC India Financial Services is currently trading at Rs. 13.15, up by 0.10 points or 0.77% from its previous closing of Rs. 13.05 on the BSE.
The scrip opened at Rs. 13.60 and has touched a high and low of Rs. 13.60 and Rs. 13.00 respectively. So far 25144 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 28.00 on 30-Mar-2011 and a 52 week low of Rs. 12.95 on 18-Nov-2011.
Last one week high and low of the scrip stood at Rs. 15.00 and Rs. 12.95 respectively. The current market cap of the company is Rs. 733.52 crore.
The promoters holding in the company stood at 60.00% while Institutions and Non-Institutions held 29.03% and 10.97% respectively.
PTC India Financial Services (PFS) has sanctioned financial assistance aggregating to Rs 716 crore to 4 power projects in the current quarter taking the aggregate amount of loan sanctions to Rs 2,255 crore till date in FY12. This exceeds the aggregate amount sanctioned during the entire FY11 which was Rs 1,658 crore.
The company has also executed necessary agreements for divesting its part stake in Indian Energy Exchange (IEX). Application for Foreign Investment Promotion Board’s approval is being made. During FY11, PFS divested 4.88% stake in IEX at Rs 115.41 per share which was subscribed by PFS at face value of Rs 10 per share.
PFS has loan pipeline of projects both for long term and mezzanine funding, which offers potential for additional sanction of more than Rs 4,000 crore. The effective undisbursed debt sanction as at the end of H1 FY12 was Rs 3,102 crore. Increase in exposure norms on PFS becoming IFC, and increase in net worth on capital raising through IPO in March 2011, has increased the lending business of PFS significantly.
PFS is an Indian non-banking finance institution promoted by PTC India, the company offers an integrated suite of financial services with a focus on infrastructure development, including providing debt (short term and long term) financing and making principal investments in, private sector Indian companies in the power sector, including power generation, equipment supply and fuel source projects.
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