New Delhi, July 30, 2026: REC Limited and PFC Limited, Maharatna CPSEs under the Ministry of Power and leading Infrastructure Financing NBFCs, have signed Common Loan Agreement with Meja Urja Nigam Private Limited (MUNPL), a 50:50 Joint Venture between NTPC Limited & Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) for total loan amount of […]
Approval of Merger scheme by Board of Directors of PFC and REC
The Board of Directors of Power Finance Corporation Limited (PFC) and REC Limited (REC) approved the Scheme of Merger (Scheme) for merger of REC (Transferor Company) into PFC (Transferee Company) and their respective shareholders and creditors, under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The merger of REC into […]
PFC – First CPSU to tap USD Bonds under RBI Swap Window
Power Finance Corporation Ltd. (PFC) becomes the first Central Public Sector Undertaking (CPSU) and the first in NBFC space to successfully tap the international bond market following the announcement of Swap facility by the Reserve Bank of India (RBI) in its latest Monetary Policy Statement. PFC, a Maharatna CPSU and India’s leading NBFC in the […]
Rajesh Kumar Agarwal appointed as Director (Finance) of Power Finance Corporation Limited (PFC)
The Govt. of India has appointed Shri Rajesh Kumar Agarwal as Director (Finance) at Power Finance Corporation Limited (PFC), effective 23 rd April, 2026. Before this appointment, he was Executive Director (Finance) at PFC since 1 st January, 2024. Shri Agarwal has a distinguished career spanning over 31 years in the Power and Financial sectors. […]
PFC showcases Cutting-Edge IT/OT innovations for India’s Power Sector at BES
Power Finance Corporation Ltd., a Maharatna CPSE under the Ministry of Power, showcased its leadership at the Bharat Electricity Summit (BES). Positioning itself as a technology enabler beyond financing alone, PFC presented a range of AI-driven and indigenous solutions to strengthen power distribution, improve reliability, and accelerate the country’s transition to a smarter grid. Key […]
REC & PFC organise session at Bharat Electricity Summit 2026 focusing on Advancing ‘Make in India’ in Power Distribution
New Delhi, March 21, 2026: On the third day of the Bharat Electricity Summit 2026, a high-level Vendor Development Session titled “Advancing Make in India for Power Distribution” was successfully convened. The session was co-hosted by REC Limited and Power Finance Corporation, bringing together over 150 senior representatives from the Ministry of Power, Ministry of […]
PFC declare Q2/H1’26 Results
Consolidated Financial Highlights: Stand Alone Financial Highlights: Management Comments: On PFC’s performance, Director (Finance), Mr. Sandeep Kumar shared that we delivered half yearly PAT of Rs. 8,963 cr., driven by an impressive 23% increase in Net Interest Income.With a focus of strengthening global partnership and diversifying funding sources, PFC signed milestone agreements- one with Japan […]
PFC observes “Vigilance Awareness Week 2025” with the theme “Vigilance – our shared Responsibility”
Power Finance Corporation Ltd. (PFC), a Maharatna CPSE under the Ministry of Power, is observing Vigilance Awareness Week 2025 from October 27 to November 2, 2025, reaffirming its unwavering commitment to the principles of integrity, transparency, and accountability in all spheres of its functioning. The week-long observance began with the administration of the Integrity Pledge […]
PFC collaborates with Export Finance Australia (EFA) and Citi to accelerate India’s clean energy transition
Power Finance Corporation Ltd. (PFC), a Maharatna CPSE and the largest NBFC in India, has partnered with Export Finance Australia (EFA), the Australian Government’s export credit agency, to secure an ECA-backed financing facility from Citi, who acted as the Sole ECA Coordinator and Lead Arranger for the facility. This transaction marks EFA’s first-ever financing initiative […]