Power Finance
Finance · India · 10K+ Employees
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Overview
Headquarters
1 Barakhamba Lane Connaught Pl, New Delh...Phone Number
+91 1123556000Website
www.pfcindia.comRevenue
$4 BillionStock Symbol
532810Industry
ZI Rank: 1
Signal Type
Jan
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ZI Rank
1
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About Power Finance
Power Finance Corporation Ltd. (P. F. C.) is an Indian central public sector undertaking under the ownership of the Ministry of Power, Government of India. Established in 1986, it is the financial backbone of Indian power sector. PFC's net worth as on 30 September 2018 is INR 383 billion. PFC is the 8th highest profit making Central Public Sector Undertaking (CPSU) as per the Department of Public Enterprises Survey for FY 2017–18. PFC is India's largest NBFC and also India's largest infrastructure finance psu. Government has raised status of PFC from ' Navratna' to 'Maharatna' psu on 12 October 2021. Initially wholly owned by the Government of India, the company issued an initial public offering in January, 2007. The issue was oversubscribed by over 76 times, which is one of the largest for an IPO of any Indian psu. The acquisition transaction was completed on 28 March 2019 with PFC paying almost Rs. 14,500 Crs to the Govt. of India for the 52.63% stake.Explore more
Power Finance Org Chart
VV
Senior Manager
GD
Deputy Manager, Projects
SV
Manager
JM
Manager (Finance)
GC
Deputy Manager, Finance
RB
Manager, Finance
SL
Manager
CG
Executive Associate
SV
Chief Manager, Legal At Power Finance Corpora...
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Revenue
Number of Employees
Type
Funding
Founded In
$22.9B
5K - 10K
Public
-
1970
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Hassan ThaljiSenior VP, Investments Capital Markets & Chief Financial Officer, Reporting Financial Planning & Analysis
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Power Finance News & Media
PFC board clears next step for REC merger, seeks govt approval - The Economic Times
Power Finance Corporation has taken a key step toward merging with REC Limited after its board approved seeking the President of Indias nod for the transaction. PFC has authorised CMD Parminder Chopra to seek formal approval. The merger will be based on a share swap ratio determined by valuers, while ensuring the merged entity retains its government-company status.Power Finance Corporation board moves REC merger proposal for Presidential approval
The Power Finance Corporation board has reserved the proposal for the merger of REC Limited into PFC for the approval of the President of India and authorised the CMD to seek approval. The merger will be subject to a valuation-based share exchange ratio, regulatory approvals, and maintenance of government company status. Post-merger, REC will be dissolved, and all assets and liabilities will transfer to PFC.PFC-REC merger may not be a priority amid war squeeze - The Economic Times
Boards of Power Finance Corporation and REC will meet Saturday. Uncertainty surrounds their proposed merger. The government's stake may fall below 51 percent. This could require a substantial capital infusion of around 25,000 crore rupees. Analysts question the feasibility of this. The merger is targeted for April 1, 2027. Discussions continue on the final structure.Govt explores options to retain 51% stake in merged PFC-REC entity - The Economic Times
The government is considering issuing preference shares or fresh equity to keep its stake above 51 percent in the Power Finance Corporation after its merger with REC. This move aims to ensure the combined entity remains a government-owned NBFC. The merged company will be the largest government-owned NBFC, enhancing its capacity for large projects and competition.
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Power Finance Corporation Ltd. (P. F. C.) is an Indian central public sector undertaking under the ownership of the Ministry of Power, Government of India. Established in 1986, it is the financial backbone of Indian power sector. PFC's net worth as on 30 September 2018 is INR 383 billion. PFC is the 8th highest profit making Central Public Sector U... Read More
