The MoU was signed by Shri Pankaj Agarwal, Secretary, Power and Smt. Parminder Chopra (CMD, PFC) in the presence of senior officials of the Ministry of Power and PFC. PFC is the largest Maharatna CPSE and largest NBFC in India on a consolidated basis. PFC also leads India’s energy transition, having the largest renewable loan portfolio. Additionally, PFC has also started funding projects in infrastructure and logistics space.

DPE’s MoU performance evaluation system is used for setting annual targets for the CPSEs on various financial and operational parameters, and the CPSE’s overall performance is rated against such MoU targets. PFC has been awarded the highest rating of “Excellent” during the last two years (i.e. FY 2020-21 & FY 2021-22), and the rating for FY 2022-23 is expected to be released soon.

PFC is the largest Maharatna CPSE and largest NBFC in India on a consolidated basis.PFC also leads India’s energy transition, having the largest renewable loan portfolio.

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