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.

Products

• Fund Based Policies/Products
• Non-Fund Based Policies/Products

Services

• Non-fund Based Consultancy Services

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
• REC 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 Limited
• Edina Australia Pty Limited
• Stanbeck Limited
• Edina Power Limited

Awards

• 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.

Milestones

• 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.