PFC Tax free Bonds 2013- Tranche II – Details & Review
In this week, there is wave of seconf tranche of Tax free bonds. PFC, HUDCO, REC, IRFC are launching second round (tranche) of tax free bonds,
Power Finance Corporation (PFC) has come out with Tranche II of the tax free bonds after having raised Rs 700 crore in Tranche I in Dec 2012.
About the Company
PFC is engaged in financing and promotion of power generation, transmission and distribution including renewable energy projects throughout the country. State electricity boards are the primary borrowers. A lot has been talked about the bad health of the SEBs. However, PFC being a government owned organisation, investors may not be too concerned about the financial health of the company even if the default from the SEBs continues.
PFC posted a net profit of Rs 1,117 crore for the third quart...