New Delhi, 6 February 2026: The Board of Directors of Power Finance Corporation Ltd. (PFC) today approved the withdrawal of its nominee director from the board of PTC India Limited (PTC) and the relinquishment of all promoter rights under the company’s Articles of Association, in line with regulatory and statutory requirements.
The decision follows an Office Memorandum dated 16 January 2026 issued by the Ministry of Power (MoP), Government of India, signaling a strategic realignment of PFC’s role in PTC.
The PFC Board meeting commenced at 2:30 PM and concluded at 3:58 PM.
Implications
The move represents a step toward streamlining governance and reducing PFC’s direct influence in PTC India, which is a key player in India’s energy trading sector. While the withdrawal relinquishes promoter rights, PFC remains committed to its broader mission of financing India’s power sector projects.
About PFC
Power Finance Corporation Ltd. is a Government of India enterprise and a leading financial institution in the power sector. Headquartered in New Delhi, it provides financial assistance to power generation, transmission, and distribution projects, helping drive India’s energy infrastructure development.
The company is ISO 45001:2018 certified, reflecting its commitment to occupational health and safety standards. PFC is listed on the National Stock Exchange (NSE) and BSE Limited (BSE).