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Powering “Make in India”: PFC Hosts Successful Vendor Meet on Distribution Innovation

Newsmantra — Fri, 15 May 2026 06:55:58 +0000

NEW DELHI. Power Finance Corporation (PFC) successfully hosted a Vendor Meet at the India International Centre (IIC) on May 13, 2026, to drive the “Make in India” initiative and foster innovation within the power distribution sector. Organized under the Revamped Distribution Sector Scheme (RDSS), the event brought together a diverse group of stakeholders, including industry leaders, original equipment manufacturers (OEMs), advanced system integrators, and representatives from various power distribution companies (Discoms). The gathering focused on collaborative strategies to modernize India’s power infrastructure through local manufacturing and cutting-edge technology, ensuring a more efficient and self-reliant energy future for the nation.

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PFC Scales New Heights in FY’26; Maharatna Leader Drives India’s Energy Transition

Newsmantra — Thu, 14 May 2026 07:41:40 +0000

Power Finance Corporation (PFC), India’s premier Maharatna NBFC, showcased a landmark financial performance for the 2025-26 fiscal year during a high-level press interaction in Mumbai. Led by Chairperson and Managing Director Smt. Parminder Chopra and Director (Finance) Shri Rajesh Kumar Agarwal, the leadership team detailed a year of robust balance sheet expansion and strategic evolution. The corporation’s success was anchored in significant asset growth, fueled by rising demand across both traditional power projects and large-scale renewable energy initiatives, all while maintaining operational excellence through high net profit margins and disciplined NPA management.

Beyond its core lending role, PFC has transitioned into a vital strategic partner for the Government of India, actively supporting the nation’s journey toward energy security. Smt. Parminder Chopra emphasized that the company’s resilience is deeply linked to the national agenda, particularly through the prioritized funding of the Revamped Distribution Sector Scheme (RDSS) and critical support for State Power Utilities. This proactive approach ensures that as national power demand reaches record highs, PFC remains at the forefront of fueling a sustainable and energy-secure future for the country.

Looking ahead, PFC is aggressively diversifying its portfolio to include emerging infrastructure sectors such as logistics, waste-to-energy, and e-mobility. By leveraging its Maharatna status to access competitive funding from domestic and international markets, the corporation is maintaining a solid financial trajectory that supports India’s broader infrastructure goals. This commitment to long-term excellence and strategic financing positions PFC not just as a financial powerhouse, but as a key architect in building a modern, efficient, and self-reliant energy landscape for India.

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Shri Rajesh Kumar Agarwal Appointed as Director (Finance) of Power Finance Corporation Limited (PFC)

Newsmantra — Fri, 24 Apr 2026 08:51:58 +0000

NEW DELHI. The Govt. of India has appointed Shri Rajesh Kumar Agarwal as Director (Finance) at Power Finance Corporation Limited (PFC), effective 23rd April, 2026. Before this appointment, he was Executive Director (Finance) at PFC since 1st January, 2024.

Shri Agarwal has a distinguished career spanning over 31 years in the Power and Financial sectors. He holds a Bachelor’s degree in Commerce (Honours) and is a Member of the Institute of Cost Accountants of India.

In his career at PFC since 2009, he managed various cross-functional teams and earned diversified experience in the areas like Corporate Accounts, Taxation, Fund Management & Banking, Lending Policy Compliance, Restructured Assets Management, Fund Raisings and Loan Disbursement. He has been instrumental in spearheading digital reforms and worked extensively towards excellence in financial reporting. He is also a distinguished Speaker at various Professional forums.

Prior to joining PFC, he has a rich experience in other Power Sector Companies like NTPC, NPCIL & DTL handling core finance functions along with other key areas like Tariff Matters, PPA Negotiations & Implementation of Ahluwalia Committee Reforms in Power Sector.

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Govt To Set Up High Level Committee To Review The Banking Sector

Newsmantra — Mon, 02 Feb 2026 07:35:58 +0000

NEW DELHI. Highlighting the robustness of the country’s financial sector during Union Budget 2026-27 presentation in Lok Sabha today, the Finance Minister said, the government has decided to set up High Level Committee on Banking for Viksit Bharat to comprehensively review the banking sector and to safeguarding financial stability, inclusion and consumer protection. She said, the government will take further steps to improve the scale and efficiency of the public sector NBFC.

The Finance Minister said that the government will restructure the Power Finance Corporation and Rural Electrification Corporation. She also said that total return swaps on corporate bonds will be introduced for suitable access to funds and derivatives on corporate bond indices. She said, an incentive of 100 crore rupees for a single bond issuance of more than 1000 crore rupees will be provided to encourage the issuance of municipal bonds of higher value by large cities.

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PFC at EDICON 2026

Newsmantra — Thu, 22 Jan 2026 13:33:28 +0000

NEW DELHI. PFC participated in EDICON 2026, the first annual Electricity Distribution Industry Conference organised by the All India DISCOMs Association (AIDA) with the support of the Ministry of Power.

The conference was inaugurated by Hon’ble Union Power Minister Shri Manohar Lal, who highlighted the critical role of DISCOMs and the positive impact of ongoing sector reforms.

Smt. Parminder Chopra, CMD, PFC, chaired a key panel discussion on “Viability of DISCOMs and Cost-Reflective Tariffs”, focusing on financial discipline, renewable integration costs and long-term sustainability. Shri V. Packirisamy, Executive Director, PFC, made a presentation on the financial viability of DISCOMs, sharing important insights and reform imperatives.

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PFC Welcomes New Year 2026 with Renewed Vision and Commitment

Newsmantra — Mon, 05 Jan 2026 07:12:45 +0000

Power Finance Corporation (PFC) welcomed the New Year 2026 with a renewed sense of purpose through an inspiring address by its leadership. Smt. Parminder Chopra, Chairman and Managing Director, along with Shri Rajiv Ranjan Jha, Director (Projects), Shri Manoj Sharma, Director (Commercial), and Shri Sandeep Kumar, Director (Finance), addressed employees and outlined the organisation’s vision and priorities for the year ahead. The leadership encouraged employees to move forward with confidence, unity, and commitment. Extending New Year greetings, the CMD wished the PFC family new beginnings, renewed hope, and greater achievements, reaffirming PFC’s role in powering India’s growth story.

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PFC Ranked 33rd in Fortune India 500 List 2025

Newsmantra — Wed, 17 Dec 2025 08:43:42 +0000

NEW DELHI. Power Finance Corporation (PFC) has secured the 33rd position among India’s largest companies in the Fortune India 500 – 2025 rankings, reaffirming its strong leadership in the NBFC sector. PFC emerged as the top NBFC in net profit and ranked second in total income for FY25, reflecting robust financial performance, disciplined execution, and sustained stakeholder confidence. As a Maharatna Central Public Sector Enterprise, PFC continues to play a pivotal role in financing India’s power sector and supporting the nation’s long-term growth and development.

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PFC CMD Parminder Chopra Featured in Business Today Most Powerful Women

Newsmantra — Tue, 16 Dec 2025 10:24:51 +0000

NEW DELHI. Smt. Parminder Chopra, CMD of PFC, is prominently featured in Business Today’s list of the “Most Powerful Women in Business.” This recognition highlights her impactful leadership that has driven PFC’s strong profitability and sustained growth in FY25. This achievement is a testament to PFC’s robust financial performance, strategic vision, and its status as a leading Maharatna CPSE.

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PFC Profit Up 17% to ₹16,816 Crore in H1’26; CMD Highlights 32% Growth in Renewable Loan Book

Newsmantra — Fri, 07 Nov 2025 11:20:42 +0000

NEW DELHI. Power Finance Corporation Ltd. (PFC) has reported a strong financial performance for the first half of FY 2025-26, with consolidated Profit After Tax (PAT) rising 17% to ₹16,816 crore from ₹14,397 crore in the corresponding period last year. Consolidated net worth grew 15% to ₹1,66,821 crore, while the loan asset book expanded 10% year-on-year to ₹11,43,369 crore. The company also recorded a sharp improvement in asset quality, with Gross NPA declining to 1.45% and Net NPA to 0.30%.

Commenting on the results, Chairman and Managing Director, Ms. Parminder Chopra, said, “PFC continues to deliver another record quarter, driven by robust operational and financial performance. We achieved double-digit loan asset growth of 14%, supported by the highest-ever half-yearly disbursement of ₹86,000 crore. Our renewable portfolio grew impressively by 32% year-on-year, reinforcing PFC’s role as a trusted partner in India’s energy transition journey.”

She added, *“In line with our commitment to deliver consistent shareholder value, the Board has declared an interim dividend of ₹3.65 per share for the quarter. Continuing with our endeavour to strengthen ESG disclosures, PFC released its second ESG report in reference to GRI standards. With strong fundamentals, we remain confident of sustaining our growth momentum and enhancing value creation for all stakeholders.”*

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PFC awarded Most Admired Infrastructure Debt Financer-Power Award

Newsmantra — Mon, 22 Sep 2025 06:38:19 +0000

Power Finance Corporation Limited (PFC) was awarded the prestigious ”Most Admired Infrastructure Debt Financer—Power” award at the ET Now Infra Focus Summit & Awards 2025.

Shri Rajiv Ranjan Jha, Director (Projects), PFC, received the award on behalf of the Corporation from Col. Parikshit Mehra, Secretary, Govt. of Telangana, and Shri Amit Shanbaug.

Editor, ET Now B2B.

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