Friday 21st January 2022

PFC Ltd. Rated as Very Good PSE.

Oct 31st, 2021 4:07 pm | By | Category: LATEST NEWS


(THE NEWSMAN OF INDIA.COM)
Government of India, Ministry of Finance, Department of Public Enterprises has recently issued MoU Score and Rating for the year 2019-20 of CPSEs under the administrative control of various Ministries and Departments. Power Finance Corporatio has magnificently scored 72.20 with an very good rating in the list.

Power Finance Corporation (PFC) is under the administrative control of the Ministry of Power. PFC was conferred the title of a ‘Maharatna CPSE’ in Oct.,2021, and was classified as an Infrastructure Finance Company by the RBI on 28th July,2010. PFC plays a crucial role in the rise of India as a global player.

Increasingly, a country’s development is gauged by measuring its energy usage. With a large fraction of our nation still, unfortunately, without any access to electricity, PFC will become an increasingly important factor in the years to come.
Our shareholders and clients place their full faith in our ability to deliver unbeatable results. Despite the hardships played by the power and financial sectors, PFC continues to maintain a healthy loan book, as well as low levels of NPAs. This is thanks to PFC’s robust evaluation and appraisal processes.

PFC would be the most preferred Financial Institution; providing affordable and competitive products and services with efficient and internationally integrated sourcing and servicing, partnering the reforms in the Indian Power Sector and enhancing value to its stakeholders; by promoting efficient investments in the power and allied sectors in India and abroad.

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