• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Advertisement
  • Home
  • Economy
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Law & Policy
  • History
No Result
View All Result
  • Home
  • Economy
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Law & Policy
  • History
No Result
View All Result
  • 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
JournalsOfIndia
No Result
View All Result
Home Economy

Power Finance Corporation

September 29, 2020
in Economy
Reading Time: 2min read
0
Power Finance Corporation
62
VIEWS
Share on TelegramShare on Facebook

Incorporated on July 16th, 1986, Power Finance Corporation Ltd. (PFC) is a Schedule-A Navratna CPSE, and is a leading Non-Banking Financial Corporation in the country. PFC’s registered office is located at New Delhi and regional offices are located at Mumbai and Chennai.

Features of PFC

  • PFC is under the administrative control of the Ministry of Power.
  • PFC was conferred the title of a ‘Navratna CPSE’ in June, 2007 and was classified as an Infrastructure Finance Company by the RBI on 28th July, 2010.
  • It is the largest NBFC by net worth and a dominant player with around 20% market share.
  • It is designated as a nodal agency for development of Integrated Power Development Scheme(IPDS), Ultra Mega Power Projects (UMPPs) and bid process coordinator for Independent Transmission Projects (ITPs)
  • Since its inception, PFC has been providing financial assistance to power projects across India including generation, transmission and distribution.
  • Recently, it has forayed into financing of other infrastructure projects which have backward linkages to the power sector like coal mine development, fuel transportation and oil & gas pipelines.
  • The borrower profile includes state electricity boards, state sector power utilities, central sector power utilities and private sector companies. 
  • The company also has the mechanism of rating different state power utilities on their performance.
  • PFC is also one of the promoters in Energy Efficiency Services Limited (EESL), with NTPC, Powergrid and REC being the other promoters.
Source: pfc website
Tags: Prelims

Related Posts

Industrial Policy Resolutions

Industrial Policy Resolutions

January 23, 2021
ShramShakti portal

ShramShakti portal

January 23, 2021
Vande Bharat Express

Vande Bharat Express

January 23, 2021
National Payments Corporation of India (NPCI)

National Payments Corporation of India (NPCI)

January 22, 2021
Asset Monetization Programmes

Asset Monetization Programmes

January 22, 2021
Public Private Partnership Appraisal Committee (PPPAC)

Public Private Partnership Appraisal Committee (PPPAC)

January 22, 2021
Internal Working Group (IWG) recommendation

Internal Working Group (IWG) recommendation

January 21, 2021
National Logistics plan

National Logistics plan

January 21, 2021
Power Sector Reforms Linked Borrowing to States

Power Sector Reforms Linked Borrowing to States

January 21, 2021
India innovation Index 2020

India innovation Index 2020

January 20, 2021
Please login to join discussion

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tags

AIR Big Picture GS-1 GS-2 GS-3 GS-4 Kurukshetra Mains News Paper PIB Prelims RSTV Spotlight on AIR Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tag

AIR Big Picture GS-1 GS-2 GS-3 GS-4 Kurukshetra Mains News Paper PIB Prelims RSTV Spotlight on AIR Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • Prelims Snippets
  • Mains Articles
  • Economy
  • Society
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Agriculture
  • History
  • Law & Policy
  • Security
  • Course Portal
  • Prelims Test Portal
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In