Power Finance Corp Ltd - Company Profile
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Power Finance Corp Ltd (PFC) is an infrastructure finance company that offers financial products and related advisory services. It offers project term loans, direct discounting of bills, equipment lease financing, short term loans, and others. Its services include takeout financing, asset acquisition, credit facility for the purchase of power through power exchange, refinancing of the debt of commissioned projects along with additional corporate loans for new-expansion-acquisition of projects, financial assistance to distribution franchisee, and others. PFC provides consultancy services for various power projects in the generation, transmission, and distribution sectors. The company also provides consultancy services for the renovation and modernization of existing power projects. It operates through its regional offices in Mumbai and Chennai. PFC is headquartered in New Delhi, India.
Power Finance Corp Ltd premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Loans: | Takeout Financing | PFC |
Bridge | Asset Acquisition | |
Buyer's Line of Credit | Credit Facility for Purchase of Power through Power Exchange | |
XYZ | XYZ | |
XYZ | XYZ | |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Financing Agreements | In April, the company awarded a loan of INR3,900-4,000 crore to Vedanta. |
2024 | Contracts/Agreements | In February, the company signed a memorandum of understanding with the Government of Goa to use innovative blended finance mechanisms to finance the climate projects. |
2024 | Contracts/Agreements | In January, the company and the government of Gujarat signed a memorandum of understanding to provide a financial package of INR25,000 crore to enhance power generation, transmission, and distribution infrastructure in Gujarat. |
Competitor Comparison
Key Parameters | Power Finance Corp Ltd | ICICI Bank Ltd | SREI Infrastructure Finance Ltd | IFCI Ltd | PTC India Financial Services Ltd |
---|---|---|---|---|---|
Headquarters | India | India | India | India | India |
City | New Delhi | Mumbai | Kolkata | New Delhi | New Delhi |
State/Province | Delhi | Maharashtra | West Bengal | Delhi | Delhi |
No. of Employees | 519 | 126,660 | 20 | 149 | 43 |
Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Parminder Chopra | Chairman; Managing Director | Executive Board | 2023 | 56 |
Rajiv Ranjan Jha | Director - Projects | Executive Board | 2019 | 57 |
Manoj Sharma | Director | Non Executive Board | - | - |
Ajay Tewari | Director | Non Executive Board | 2022 | 53 |
Bhaskar Bhattacharya | Director | Non Executive Board | 2021 | 63 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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