About
Basic Data Updated:
15 days agoPower Finance Corporation Limited is a Non-Banking Financial Company (NBFC) that holds the status of an infrastructure finance company. A wide range of power sector activities, such as generation, distribution, transmission, and plant renovation and maintenance, are financed by this company. State sector entities, including generating and distribution companies, as well as Independent Power Producers (IPPs), are among the entities that receive loans from PFCL. Additionally, PFCL serves as the nodal agency for the development of Ultra Mega Power Projects (UMPPs) and the Integrated Power Development Scheme (IPDS). Furthermore, it acts as the bid process coordinator for the Independent Transmission Projects (ITP) scheme. PFCL was incorporated in 1986 and has its registered office situated in... Read More
Industry
Company Details
- Location
Central Delhi, Delhi, India
- Website1222442
- Telephone1222442
- Email Address1222442
- Social Media1222442
Financials of Power Finance Corporation Limited
Power Finance Corporation Limited, for the financial year ended 2022, experienced modest growth in revenue, with a 2.18% increase. The company also saw a substantial improvement in profitability, with a 18.69% increase in profit. The company's net worth Soared by an impressive increase of 13.28%.
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Corporate Structure
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People in Power Finance Corporation Limited
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Executive Team (2)
PC
Parminder Chopra Managing DirectorAppointment Date: 01-Jul-2020
Status: Current
MA
Manish Agarwal Company SecretaryAppointment Date: 01-May-2023
Status: Current
Board Members(6)
Charges (Loans)
Lender | Amount | Status |
---|---|---|
Others Creation Date: 01 Aug 2023 | ₹2,824.48 Cr | Open |
Others Creation Date: 22 Jun 2023 | ₹2,399.00 Cr | Open |
Others Creation Date: 30 May 2022 | ₹2,600.87 Cr | Open |
Deals i
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Rating
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Alert
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Related Corporates (Common Directorship)
Recent activity within the organization
Charges
A charge registered on 19 Feb 2019 via Charge ID 100243875 with Canara Bank was fully satisfied on 26 Feb 2024.
26 Feb 2024Charges
A charge registered on 28 Sep 2020 via Charge ID 100371216 with Indian Bank was fully satisfied on 12 Dec 2023.
12 Dec 2023Charges
A charge registered on 15 Nov 2019 via Charge ID 100306505 with Others was fully satisfied on 12 Dec 2023.
12 Dec 2023Charges
A charge registered on 24 Jun 2019 via Charge ID 100270562 with Others was fully satisfied on 12 Dec 2023.
12 Dec 2023Charges
A charge registered on 14 Mar 2019 via Charge ID 100247260 with Others was fully satisfied on 06 Oct 2023.
06 Oct 2023
Recent News, Updates & Announcement
- Power Finance Corp Q2 FY24 results profit rise by 2281 YOY Mint.
Power Finance Corp Q2 FY24 results Revenue increased by 158 YoY profit increased by 2281 YoY.
mint 11 Nov 2023
- Power Finance Corporation Q2 results Net profit up 27 to 6628 crore Mint.
Power Finance Corporation PFC Wednesday posted a nearly 27 rise in its consolidated net profit to 662817 crore in the JulySeptember quarter compared to a year ago.
mint 08 Nov 2023
- PFC Logs Net Profit of 60 Billion in Q1 FY 2023 Up 30 YoY.
Mercomindia 22 Aug 2023
- Renew Energy to get Rs 64000 crore loan from PFC REC.
Moneycontrol 22 Jul 2023
- Power Finance Corporation group clocks highestever annual profit after tax in FY23.
Asian News International 28 May 2023
Frequently asked questions
What is the Incorporation or founding date of Power Finance Corporation Limited?