Power Finance Corporation (PFC), India’s largest NBFC and CPSE based on asset size. PFC is at the forefront of the country’s energy transition and net zero mission and has the largest renewable sector loan book.
New Delhi: Power Finance Corporation Limited (PFC) exchanged Memorandum of Understanding (MoU) for FY 2025-26 with the Ministry of Power (MoP). The MoU was e-signed by Shri Pankaj Agarwal, Secretary, Power, and Smt. Parminder Chopra, CMD, PFC as per the Department of Public Enterprises (DPE) performance evaluation framework for Central Public Sector Enterprises (CPSEs).
(From L to R) Shri Sandeep Kumar, Director (Finance), Shri Rajiv Ranjan Jha, Director (Projects), Smt. Parminder Chopra, CMD, PFC, Shri Pankaj Agarwal, Secretary (Power), Shri Manoj Sharma, Director (Commercial) and Shri Y. Venugopal, Executive Director at the MoU exchange ceremony.
Power Finance Corporation Ltd. (PFC) is India’s largest government-owned Non-Banking Financial Company (NBFC) based on asset size (consolidated). Established in 1986, it operates under the administrative control of Ministry of Power. PFC is a Maharatna CPSE (Central Public Sector Enterprise) and serves as the principal financial institution for India’s power sector.
PFC has evolved beyond conventional power financing to emerge as India’s largest renewable energy financier. PFC is driving India’s energy transition through enhanced funding of green projects including emerging technology projects like green hydrogen and battery storage. With its strong balance sheet, domain expertise and strategic alignment with government initiatives, PFC plays a pivotal role in ensuring reliable, affordable and sustainable energy for India.
The DPE’s MoU performance evaluation framework 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 consistently achieving the highest rating of “Excellent” under the framework.
