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    Power Finance Corporation Limited (PFC.BO)

    146.30 Down 4.05(2.69%) Feb 12, 5:28AM EST
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    Power Finance Corporation Limited
    1, Barakhamba Lane
    New Delhi, 110001
    India - Map
    Phone: 91 11 2345 6000
    Fax: 91 11 2341 2545
    Website: http://www.pfcindia.com

    Index Membership:N/A
    Industry:Credit Services
    Full Time Employees:427

    Business Summary 

    Power Finance Corporation Limited provides financial products and related advisory, and other services to the power sector in India. The company offers fund based financial policies/products, including asset acquisition; bridge, corporate, short term, and rupee and foreign currency term loans; short/medium term loan to equipment manufacturers; short term loan for SPV; buyer’s line of credit; credit facility for purchase of power; and direct discounting of bills for buyers and sellers. Its fund based financial policies/products also include debt refinancing; energy saving projects; fuel supply projects and equipment manufacturers financing; grants/interest free loans for studies/consultancies; lease financing for wind power projects and purchase of equipment; line of credit for import of coal; and solar PV policy to power generation projects and private sector. The company’s non-fund based products comprise guarantee, guarantee for credit enhancement, and letter of comfort. It also provides consultancy services in the areas of procurement of power by distribution licensees through tariff based competitive bidding; renewable and non-conventional energy schemes; coal block JVs; selection of developers for coal blocks and linked power projects; selection of EPC contractors; reform, restructuring, and regulatory aspects; capacity building and human resource development; and execution of ultra-mega power projects, and independent transmission projects. In addition, the company offers acquisition advisory services; financing of equipment manufacturing facilities, fuel sources development and distribution projects, and renewable energy sector projects; and consortium lending services. It serves state electricity boards, state power utilities, state electricity/power departments, other state departments, central and joint sector power utilities, equipment manufacturers, and private power sector utilities. The company was founded in 1986 and is based in New Delhi, India.

    Key Statistics

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    Key Executives 
    Mr. Mukesh Kumar Goel , 60
    Chairman, Managing Director, Director of Commercial, Chairman of Risk Management Committee, Chairman of Loans Committee, Chairman of Committee of Functional Directors, Chairman of Committee for Investment In IPO of Central Power Sector Undertakings and Chairman of Ethics Committee
    Mr. Radhakrishnan Nagarajan B.Com (Hons.), CAIIB, 77
    Director of Fin., Whole Time Director, Member of Stakeholders Relationship & Shareholders/Investors Grievance Committee, Member of Committee for Investment in IPO of Central Power Sector Undertakings, Member of Loans Committee, Member of Risk Management Committee, Member of Committee of Functiona, Chairman of Coastal Tamil Nadu Power Limited and Chairman of Coastal Maharashtra Mega Power Limited
    Mr. Manohar Balwani ,
    Compliance Officer and Company Sec.
    Mr. Anil Kumar Agarwal , 59
    Director of Projects, Whole-Time Director, Member of Audit Committee, Member of Loans Committee, Member of Committee of Functional Directors, Member of Risk Management Committee, Member of Committee for Investment In IPO of Central Power Sector Undertakings, Member of Corp. Social Responsibility & Sustainable Devel. Committee and Member of Stakeholders Relationship & Shareholders/Investors Grievance Committee
    S. S. Rao ,
    Head of The PR Department
    Amounts are as of Dec 31, 2015 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in INR.