India's Power Finance set to snap 3-day losing run on loan pact for Bhutan power project

Tata Power

29/09/2025 09:24

** Shares of Power Finance Corp Ltd PWFC.NS gain 2.1% to day's high of 405.8 rupees

** The power projects financier on course to snap a three-day losing run

** PWFC signs an agreement to finance a hydro power project by Bhutan's Khorlochhu Hydro Power through a 48.29-billion-rupee ($544.2 million) loan

** Khorlochhu Hydro Power is 40% owned by India's Tata Power TTPW.NS

** Thirteen analysts tracking PWFC rate it "strong buy" on average; median PT is 515 rupees - data compiled by LSEG

** Stock trims YTD losses, last down 9.7%

($1 = 88.7400 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))