In alignment with global best practices in corporate governance and in recognition of the pivotal role that internal audit plays as the third line of defence in risk management, Power Finance Corporation (PFC) has further fortified its internal audit function through a key leadership appointment. Underscoring the critical importance of the function within the organization, […]
PFC pays fourth Interim dividend of Rs. 647 crore to Government of India for the financial year 2024-25
New Delhi: Power Finance Corporation (PFC), a Maharatna Company and a leading NBFC in the power sector has paid Rs 647 crore to the Govt. of India as the Fourth Interim Dividend for the financial year 2024-25. During Financial Year 2024-25, PFC paid dividend of Rs. 5363 Crore (including the final dividend for FY 2023-24 […]
PFC Signs MoU with MMRDA to provide Rs. 1 Lakh Crore Financial Assistance for Infrastructure Projects in Mumbai Metropolitan Region
Power Finance Corporation (PFC), a Maharatna Company and a leading Non-Banking Financial Company (NBFC) in the Indian power sector, has signed a Memorandum of Understanding (MoU) with Mumbai Metropolitan Region Development Authority (MMRDA) on 08 th April 2025 during the “India Global Forum (IGF) Mumbai’s NXT25: Leading the Leap Summit” at Jio World Convention Centre, […]
PFC signs landmark loan agreement of JPY 120 Billion with JBIC
PFC, a Maharatna company and the largest NBFC in India has signed a Loan Agreement for JPY 120 Billion (Rs. 6,500 Cr) with Japan Bank for International Cooperation (JBIC) on 15th Jan, 2025. Under the agreement, JBIC will provide funding of JPY 72 billion, with the balance to be funded by commercial banks. JBIC provided […]
PFC Launches a Cancer Detection & Awareness Mobile Van under CSR Initiative, Reaching Rural Communities with Early Cancer Detection and Prevention
New Delhi– Power Finance Corporation Limited (PFC) Ltd., a Maharatna Company and a leading Non-Banking Financial Company (NBFC) in the Indian power sector, has launched a Cancer Detection and Awareness Mobile Van under its CSR initiative aimed at addressing the high prevalence of cancer in the Murshidabad region in West Bengal. The van was launched […]
PFC’s declare Q2 Financial Results
PFC Observes “Vigilance Awareness Week 2024”: A Commitment to Integrity and Accountability
New Delhi– PFC observed “Vigilance Awareness Week 2024″ from October 28 to November 3, 2024, emphasising its operations & core values of integrity, transparency, and accountability. The week commenced with Smt. Parminder Chopra, CMD, Smt. Simmi R Nakra, CVO, and PFC Directors administeringthe Integrity Pledge to officials, reinforcing their collective commitment to these principles. As […]
PFC and BEML Sign MoU to Enhance Collaboration in Infrastructure and Defence Sectors
New Delhi– Power Finance Corporation (PFC), a Maharatna Company and a leading Non-Banking Financial Company (NBFC) in the Indian power sector, has signed a Memorandum of Understanding (MoU) with BEML Limited, a Schedule ‘A’ Public Sector Undertaking (PSU) under the Ministry of Defence. This partnership aims to enhance collaboration in the financing and development of […]
PFC Infra Finance IFSC Limited to commence operations – Receives approval from IFSCA
PFC Infra Finance IFSC Limited (PIFIL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has received approval from International Financial Services Centres Authority (IFSCA) to commence business as a Finance Company in IFSC GIFT City Gujarat. PIFIL, part of India’s largest non-banking financial company (NBFC) group, will be the first finance company in […]