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Power Finance Corporation Ltd. Established in , it is the financial back bone of Indian Power Sector. Net worth of the company in the year was Crore Indian Rupees. The issue was oversubscribed by over 76 times, which is the largest for an IPO of any Indian Company in recent times.
The company has been conferred with many prestigious awards, the latest of which is "KPMG-Infrastructure Today Award " for its contribution in development of power sector.
It is also an ISO The Projects Division controls the operation in various states and project appraisal. PFC is a lean organization. The number of employees during year were The major part of PFC's funds are raised through Rupee denominated bonds.
PFC bonds enjoy the highest credit rating in the Indian market and in international markets, they are rated at par with the Indian Sovereign rating. It also borrows short term and long term from various banks and other Financial Institutions. The borrower profile includes State Electricity Boards, State sector power utilities, Central sector power utilities and Private sector companies. The company also has the mechanism of rating different state Power Utilities on its performance.
PFC presently has nine subsidiary companies. PFCCL is a wholly owned subsidiary handling fee based services. From Wikipedia, the free encyclopedia. This article needs additional citations for verification.
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