A STUDY ON POWER FINANCE CORPORATION OF INDIA

A STUDY ON POWER FINANCE CORPORATION OF INDIA
Author(s):
M. Prasad rao, KARISHMA KUMARI
Keywords:

Abstract
Power Finance Corporation Ltd. (PFC) is a pivotal entity within India's power sector, established in 1986 under government ownership. As of June 30, 2023, PFC boasted a substantial net worth of INR 1,184 billion, reinforcing its stature as a leading financial institution in the industry. Recognized for its significant contributions, PFC ranks as the 8th most profitable central public sector undertaking (CPSU) based on the 2017-18 Department of Public Enterprises survey. It holds the distinction of being India's largest non-banking financial company (NBFC) and infrastructure finance PSU. PFC's journey includes a landmark IPO in January 2007, which was oversubscribed by over 76 times, highlighting investor confidence and marking one of the largest such offerings by any Indian PSU. Listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), PFC operates under stringent quality management standards as an ISO 9001:2000 certified entity. In recognition of its impact and scale, the government elevated PFC to 'Maharatna' status in 2021, underscoring its strategic importance.
Article Details
Unique Paper ID: 165960 Publication Volume & Issue: Volume 11, Issue 1 Page(s): 2163 - 2168
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