Power Finance Corporation escalated 13.09 per cent to close at Rs 186.65 on reports that it may be allowed to access up to $5 billion in foreign exchange reserves through India Infrastructure Finance Company (IIFCL) to fund power projects.

<tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>A total of 21.73 lakh shares were traded on the BSE as against the two-week average volumes of 2.69 lakh shares. A committee under the Group of Ministers on financial issues wants IIFCL to lend to PFC at nominal interest rates, although the arrangement is yet to be finalised. </P></p></table>


Funds buzz boosts Power Finance Corp

DALAL STREET SPIKES

More From This Section

Idea shares fall after Q3 earnings disappoint

BofA-Merrill raises Indiabulls to 'buy', stock gains

Suzlon stocks jump 17% on CDR approval

Maruti Suzuki rallies as Q3 profit beats analyst's estimates

Explore News