Power Finance Corporation Limited – the largest government-owned NBFC and a Maharatna CPSE, signed an MoU for FY 2022-23 with Ministry of Power on 6th December 2022 in line with the DPE guidelines.
Shri Ravinder Singh Dhillon, CMD, PFC signed the MoU with Shri Alok Kumar, Secretary, Ministry of Power in the presence of Shri Ashish Upadhyaya, Special Secretary & FA, MoP, Shri Ajay Tewari, Additional Secretary, MoP, Shri Piyush Singh, Joint Secretary, MoP, Smt. Parminder Chopra, Director (Finance), PFC, and Shri Rajiv Ranjan Jha, Director (Projects), PFC.
Established in 1986, PFC today is India’s largest government-owned NBFC. In 2021, it became the first CPSE to be accorded the prestigious Maharatna status in the financial space. PFC has been showing a strategic shift in its loan portfolio with a focus on the Renewables space, setting itself as one of the country’s largest funding agencies for renewables. Recently the company got its MoA changed to fund the infrastructure and logistics space as well. It is a key partner to the Government of India for the implementation of several schemes such as Revamped Distribution Sector Scheme (RDSS), Liquidity Infusion Scheme under Atmanirbhar Bharat, Late Payment Surcharge Rules (LPS), Independent Transmission Projects (ITPs), etc and has been one of the highest dividend paying companies