India's Top PSUs 2021

140 Advertorial India’s Top PSUs 2021 Ravinder Singh Dhillon Chairman & Managing Director Power Finance Corporation Limited About the Company PFC was incorporated on July 16, 1986, as a part of Government of India’s initiative to enhance funding to power projects in India, with an objective to provide financial resources and encourage flow of investments to the power and associated sectors. PFC provides fund and non-fund based support for the development of Indian Power Sector. Being under the administrative control of the Ministry of Power, PFC was conferred the title of a ‘Navratna CPSE’ in June 2007. On 28th July 2010, the corporation was classified as an Infrastructure Finance Company (IFC) by the Reserve Bank of India. The regional offices of PFC are located in Mumbai, Maharashtra and Chennai, Tamil Nadu. PFC is a member of associations such as SCOPE, Central Board of Irrigation and Power, Confederation of Indian Industry (CII) and the World Energy Council. PFC is the strategic partner of the government of India for the overall development of the Indian power sector. PFC acquired Govt. of India’s 52.63% equity stake in REC Limited in March 2019. Post-acquisition, PFC has become the largest IFC and the largest Govt. owned NBFC. The company has the highest long-term domestic rating of ‘AAA’. Business Operations PFC is a specialized financial institution in the power sector with about 20% market share. Since its inception, PFC has shown consistent growth in assets and is currently a leading player in the power sector with cumulative Sanctions of over ` 10 trillion and cumulative Disbursements of ` 7.5 trillion, supporting an installed capacity of about 160 GW. The corporation is designated as a Nodal Agency for various Govt. of India schemes for power sector, including Revamped Distribution Sector Scheme (RDSS), Integrated Power Development Scheme (IPDS) and for development of Ultra Mega Power Projects (UMPPs). The Company offers consultancy services in the power sector through its wholly owned subsidiary PFC Consulting Limited (PFCCL). PFCCL is also the Bid Process Coordinator for development of Independent Transmission Projects (ITPs). PFC has been assisting the State Power Utilities in their reform and restructuring program. PFC publishes annual performance report on state power utilities and is also involved in publishing the annual integrated rating of power distribution companies. These reports are widely used by stakeholders including policy makers, power project developers, lenders, equity analysts and regulators in decision making. Following are some of the products and services offered by PFC: A) Fund based products • Project term loans • Debt refinancing Dun & Bradstreet D-U-N-S® No 65-028-1769 Financial Snapshot ( ` Mn) Parameters FY20 FY21 Total Income 333,710.6 377,665.7 Net Profit 56,551.4 84,440.1 Total Assets 3,617,872.6 3,920,840.7 Ratios (%) NPM 16.9 22.4 ROA 1.6 2.2 ‘Ratna’ Status (As of July 2021) Navratna Management Details Chairman & Managing Director Ravinder Singh Dhillon Directors Praveen Kumar Singh Parminder Chopra Vishal Kapoor R C Mishra Address ‘Urjanidhi’, 1, Barakhamba Lane, Connaught Place, New Delhi - 110 001 Website www.pfcindia.com Dun & Bradstreet