India's Top PSUs 2021

Advertorial 141 India’s Top PSUs 2021 • Short term loans/ Medium term loans • Corporate Loans • Reforms linked transitional loans • Buyers’ Line of Credit • Lease financing • Grants/interest free loans for studies/consultancies B) Non-fund-based products • Underwriting of debt and loan syndication services • Guarantees and Letter of Comfort • Consultancy Services PFC is a socially responsible entity committed to improve quality of life of society at large. PFC has a robust Corporate Social Responsibility and Sustainability Policy and has implemented a wide range of projects in the fields of Environment Sustainability, Healthcare, Sanitation & Drinking water and Skill development. Recent Highlights of PFC • In FY 2020-21, PFC achieved highest ever annual loan sanctions of ` 1,660 bn and disbursement of ` 883 bn • PFC’s net worth surpassed the ` 500 bn mark, consolidating its position as the largest lender in the Indian power sector • The corporation witnessed its lowest NPA levels in last five years • PFC has recently mobilized EUR 300million through Green Euro bonds. The issue was the first ever Euro denominated Green bond issuance from India and also the first ever Euro issuance by an Indian NBFC. The issuance saw strong participation from institutional investors across Asia and Europe and was oversubscribed 2.65 times. • In Jan, 2021 PFC raised ` 44.3 bn through public taxable bonds. The base issue size of ` 5 bn got oversubscribed by 9 times. This was the first public issue of taxable bonds by a CPSU in the last decade and first ever public issuance of taxable bonds by a PSU in the Power Sector. • PFC and its subsidiary REC are the dedicated funding agencies for the Liquidity Infusion Scheme as part of Aatmanirbhar Bharat Abhiyaan. Under the scheme, ` 1.34 trillion has been sanctioned and ` 790 bn disbursed, ensuring liquidity in the power sector during the pandemic period • PFC has ` 217 bn of outstanding renewable energy assets. During the last five years, PFC’s renewable energy loan book grew at a CAGR of 46% • PFC is diversifying to emerging business areas like e-mobility, utility scale energy storage etc. • PFC has recently sanctioned financial assistance for deployment of 700 electric buses in various districts of Uttar Pradesh under Fame II scheme • The corporation has also funded a solar-wind hybrid pumped storage project in Andhra Pradesh, which is one of the largest such integrated projects in the world • PFC is also diversifying its asset base geographically and has recently sanctioned financial assistance for 600 MW Kholongchu Hydro Electric Project in Bhutan. This would be jointly implemented by SJVN & Druk Green Power Corporation of Bhutan • As part of the CSR, an amount of ` 2.1 bn was spent on COVID relief measures during FY 20-21, including contribution to PMCARES fund. PFC has procured and distributed cold chain equipment to various states and union territories to support the national vaccination programme • PFC undertook distribution of ambulances, medical equipment and consumables in various parts of the country and has also distributed packed lunch for healthcare professionals. Multiple vaccination camps were organised at PFC premises for employees and the officials of other CPSUs under the Ministry of Power. Dun & Bradstreet