PFC celebrates 37th Foundation Day

On this momentous occasion, the company thank the Ministry of Power, and the Government of India for their continuous guidance and support

PFC celebrates 37th Foundation Day
PFC celebrates 37th Foundation Day

New Delhi: Maharatna PSU under the ownership of the Ministry of Power, Government of India, Power Finance Corporation of India celebrates its 37th Foundation Day. 

On this momentous occasion, the company thank the Ministry of Power, and the Government of India for their continuous guidance and support, said: "We express heartfelt gratitude to all our stakeholders for making PFC India’s largest Govt. owned NBFC."

Power Finance Corporation Limited is the 8th highest profit-making Central Public Sector Enterprise (CPSE) 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 company. The government has raised the the status of PFC from ' Navratna' to 'Maharatna' company on 12 October 2021.

It is also an ISO 9001:2000 certified company and enjoys the status of Navratna Company in India. Since its inception, PFC has been providing financial assistance to power projects across India including generation, transmission, distribution and RM&U projects.

Recently, it has forayed into the financing of other infrastructure projects which have backward linkages to the power sector like coal mine development, fuel transportation, oil & gas pipelines, etc.