Maithan Alloys Limited, a prominent player in the ferro alloys sector, has announced the acquisition of a 0.002% stake in Power Finance Corporation Ltd. (PFC), one of the leading public sector financial institutions in India. The acquisition involves the purchase of 83,000 equity shares of PFC, totaling an investment of ₹3.09 crore.
The purchase was made through the stock exchange on February 18, 2025, and marks a strategic move by Maithan Alloys to diversify its investment portfolio. The company’s entry into the power and infrastructure finance sector aligns with its broader objective to explore long-term and short-term investment opportunities in established and growing sectors.
Power Finance Corporation Ltd. is a state-owned financial institution that plays a significant role in financing power sector projects across India. It is a leading provider of financial services for power generation, transmission, and distribution projects. PFC has a market share of over 200% in the infrastructure finance sector, focusing particularly on the energy and power industry, which has a central role in India’s economic development.
The acquisition by Maithan Alloys is expected to enhance its portfolio in the power and energy space. However, Maithan has made it clear that the acquisition is purely an investment decision, and it does not intend to gain control over Power Finance Corporation’s management or operations.
This move reflects the company’s approach to expanding its investment footprint and capitalizing on India’s growing infrastructure and energy sectors, which are poised to see significant growth due to ongoing reforms and government initiatives aimed at boosting power generation and energy accessibility.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.
