PFC.BO - Power Finance Corporation Limited

BSE - BSE Real Time Price. Currency in INR

Power Finance Corporation Limited

Urjanidhi
1, Barakhamba Lane Connaught Place
New Delhi 110001
India
91 11 2345 6000
http://www.pfcindia.com

SectorFinancial Services
IndustryCredit Services
Full Time Employees427

Key Executives

NameTitlePayExercisedYear Born
Mr. Rajeev S. Sharma IASChairman & Managing Director2.72MN/A1960
Mr. Manohar BalwaniCompliance Officer & Company Sec.3.46MN/AN/A
Mr. Chinmoy GangopadhyayDirector of Projects & Director1.07MN/A1959
Mr. D. RaviDirector of Commercial & Director4.93MN/A1958
Mr. Naveen Bhusan GuptaDirector of Fin. & DirectorN/AN/A1960
Amounts are as of December 31, 2017 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.

Description

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 term loan for SPV; buyer's line of credit; and credit facility for purchase of power. 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; takeout financing; 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; renewable and non-conventional energy schemes; selection of developers for coal blocks; 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 focuses on debt syndication services for power sector. It serves state power utilities, central power sector utilities, power departments, private power sector utilities, joint sector power utilities, etc. The company was founded in 1986 and is based in New Delhi, India.

Corporate Governance

Power Finance Corporation Limited’s ISS Governance QualityScore as of April 1, 2018 is 9. The pillar scores are Audit: 6; Board: 10; Shareholder Rights: 5; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.