Power Finance Corporation (PFC) was incorporated on July 16, 1986. The company is a Schedule-A Navratna CPSE, and is a leading Non-Banking Financial Corporation in the Country. The company is under the administrative control of the Ministry of Power. The company was conferred the title of a 'Navratna CPSE' in June 2007, and was classified as an Infrastructure Finance Company by the RBI on July 28, 2010. PFC plays a crucial role in the rise of India as a global player. Increasingly, a country's development is gauged by measuring its energy usage. With a large fraction of its nation still, unfortunately, without any access to electricity, the company will become an increasingly important factor in the years to come.
Business area of the company
The company is engaged in providing financial assistance to Power Utilities for meeting financing and development requirements of the power sector. To meet its fund requirement, PFC has been raising the funds by way of issuance of bonds, term loans from Banks/FIs and ECBs etc.
Subsidiaries of the company
PFC Consulting Limited
Power Equity Capital Advisors Private Limited
Chhattisgarh Surguja Power Limited
Coastal Karnataka Power Limited
Coastal Maharashtra Mega Power Limited
Coastal Tamil Nadu Power Limited
Orissa Integrated Power Limited
Sakhigopal Integrated Power Company Limited
Ghogarpalli Integrated Power Company Limited
Tatiya Andhra Mega Power Limited
Deoghar Mega Power Limited
Cheyyur Infra Limited
Odisha Infrapower Limited
Deoghar Infra Limited
Bihar Infrapower Limited
Bihar Mega Power Limited
Jharkhand Infrapower Limited
Ballabhgarh-GN Transmission Company Limited
Tanda Transmission Company Limited
Mohindergarh-Bhiwani Transmission Limited
South-Central East Delhi Power Transmission Limited
Bijawar-Vidarbha Transmission Limited
Shongtong Karcham-Wangtoo Transmission Limited
Vapi II North Lakhimpur Transmission Limited
Lakadia-Vadodara Transmission Project Limited
Bikaner-Khetri Transmission Limited
Fatehgarh-II Transco Limited
Bhuj-Il Transmission Limited
Energy Efficiency Services Limited
REC Transmission Projects Company Limited
REC Power Distribution Company Ltd
Koderma Transmission Limited
Mandar Transmission Limited
Dinchang Transmission Limited
Chandil Transmission Limited
Dumka Transmission Limited
Bhind-Guna Transmission Limited
Jam Khambaliya Transco Limited
Ajmer Phagi Transco Limited
WRSS XXI (A) Transco Limited
Udupi Kasagode Transmission Limited
Khetri Transco Limited
Lakadia Banaskantha Transco Limited
Creighton Energy Limited
EESL EnergyPro Assets Limited
Anesco Energy Services (South) Limited
EPAL Holdings Limited
Edina Power Services Limited
Edina UK Limited
Armoura Holdings Limited
Edina Manufacturing Limited
Edina Acquisition Limited
Edina Australia Pty Limited
Edina Power Limited
SCOPE Meritorious Award Gold Trophy for Good Corporate Governance for the year 2014-15
PFC received SCOPE Meritorius Award Gold Trophy for Good Corporate Gpvernance for the year 2014-15 from President of India.
PFC received 'Dalal Street Investment Journal PSU Award 2015.
PFC received the prestigious ‘Rajbhasha Kirti Pratham Puruskar’ (in the category of region ‘A’) for the year 2015-16.
Power Finance Corporation Ltd. has been conferred with Governance Now PSU Award 2016 in the categories of (i) Overall Best Financial Performance (ii) Strategic Performance and (iii) Employee Productivity.
CMD PFC awarded Meritorious Energy Service Award by IEF.
SCOPE Corporate Communication Excellence Awards 2017.
PFC received the ‘One Globe Award for Excellence in Enabling a Mobile Economy’ for the URJA App at the 6th Annual One Globe Forum held on February 10, 2017.
Power Finance Corporation has been conferred with CBIP Award 2017 in the category of Best Power Financing Company.
CBIP Award 2019.
Dun & Bradstreets' India's Leading NBFC (2019) Award.
1988: Commenced lending activity
1998: Registered as an NBFC with RBI
2007: IPO of equity shares
2010: Registered with RBI as an IFC & FPO of equity shares
2014: Crossed Rs 2 trillion loan assets
2019: PFC transfers its SPV -- Lakadia -Vadodara Transmission Projects -- to Sterlite Grid 18
2019: Acquires REC limited.
2020: PFC sanctions loans of over Rs 1 lakh crore in FY20.