Power Finance Corporation

Power Finance Corporation

Established in July 1986, Power Finance Corporation Ltd. (PFC) is a leading Indian Maharatna central public sector enterprise and premier non-banking financial company (NBFC) under the Ministry of Power. Headquartered in New Delhi, it was created to catalyze the development of India's power sector, providing financial support to generation, transmission, and distribution projects. 

Key Historical Milestones

• Establishment (1986): Incorporated on July 16, 1986, to provide essential capital to state and private power utilities.
• IPO (2007): Launched its Initial Public Offering (IPO) in January 2007, diversifying ownership while remaining under government control.
• Financial Powerhouse: Developed into India's largest government-owned NBFC, with a consolidated loan book crossing ₹5 trillion.
• Expansion & Diversification: Expanded financing to include e-mobility, metro rail, smart cities, and other infrastructure projects, alongside traditional power sectors.
• Maharatna Status (2021): Conferred with the prestigious “Maharatna” status on October 12, 2021, recognizing its financial strength and strategic importance.
• Green Energy Focus: Currently a key financier of renewable energy projects in India. 

Key Operational Details

• Ownership: Government of India (majority owner).
• Role: Systematically Important Non-Banking Financial Company (SI-NBFC).
• Focus Areas: Power generation, transmission, distribution, and infrastructure.
• Subsidiaries: Includes the Rural Electrification Corporation (REC) Limited. 

PFC has played a critical role in powering India's growth, with a long-term goal of supporting 24/7 sustainable and affordable energy for all.