Dun & Bradstreet India’s Leading BFSI Companies 2017

India’s Leading BFSI Companies 2017

Power Finance Corporation Limited

About the Company Power Finance Corporation Ltd (PFC) was established in 1986 as a financial institution to cater to the finance needs of the Indian power sector. The Government of India is the major shareholder, holding 67.80%. PFC was conferred with the status of a Navratna in 2007. In 1998, the company was registered with RBI as NBFC and in 2010, RBI classified PFC as an ‘Infrastructure Finance Company’ (NBFC-ND-IFC). Its clients include state electricity boards, state power utilities, state electricity/power departments, other state departments engaged in the development of power projects, central power utilities, joint sector power utilities, equipment manufacturers and private sector power utilities. The company offers fund and non-fund based products and services such as project term loans, debt refinancing, short term loans, corporate loan, bridge loan, line of credit, guarantee, lease financing and letter of comfort, among others. PFC also provides loan syndication services in the areas of power, energy & infrastructure. The company has 13 subsidiaries and 2 joint ventures. PFC has allocated ` 1.66 bn for CSR activities in F.Y.2016-17. Some of the major milestones achieved by PFC include: • The company has crossed cumulative loan sanctions of ` 6 trillion as on 31.12.2016 • The company emerged as the largest NBFC in the country based on net worth (all reserves) as on March 31, 2016 • The company also became the 5th highest profit making CPSE in the country among 298 CPSEs as per DPE Survey, 2016. • Business Parameters at a Glance (As on 31.12.2016) Cumulative Loan Sanctions - ƒ ƒ ` 6 trillion Cumulative LoanDisbursements - ƒ ƒ ` 4.3 trillion Outstanding Loan sanctions - ƒ ƒ ` 1.7 trillion Loan Assets - ƒ ƒ ` 2.35 trillion

Some of these initiatives where PFC is playing a pivotal role are: Integrated Power Development Scheme (IPDS) to strengthen power distribution sector in urban areas • Under IPDS, PFC sanctioned ` 259 bn for identified 3,597 towns • PFC developed Mobile App ‘URJA’ for effective online monitoring & implementation of IPDS • PFC successfully rolled out Restructured Accelerated Power Development and Reform Programme (R-APDRP subsumed in IPDS) Scheme to reduce AT&C losses below 15% in identified 1,405 towns using state of the art IT applications for which ` 380 bn has already been sanctioned to all eligible projects Ultra Mega Power Projects (UMPPs) • PFC is the nodal Agency for development of UMPPs. Some of the benefits of UMPPs include competitive tariff due international tariff based bidding, economies of scale benefits as each project is ~ 4000 MW each and Higher efficiency due to Super critical technology • As of now 4 UMPPs were transferred, 4 UMPPs are on fast track and 7 are in pipeline Independent Transmission Projects (ITPs) PFC acts as Bid Process Coordinator for ITPs, which are also competitively bid in similar lines to UMPPs. So far 15 ITPs have been transferred or awarded out of the 25 identified ITPs. Additionally, PFC is also playing an active role in distribution reforms as below: 24X7 Power for All (PFA) by 2019 • PFC played a key role in developing 24X7 PFA document specific to each of the States / UTs • Appointed Consultants for 36 States / UTs, out of which 29 States and all 6 UTs have already signed PFA documents detailing the road map to achieve PFA UDAY (Ujwal DISCOM Assurance Yojana) Scheme • Facilitated with financial and analytical data on DISCOMs for formulating the scheme • Actively involved in implementation of UDAY scheme

Rajeev Sharma Chairman & Managing Director

Dun & Bradstreet D-U-N-S® No Financials ( ` mn) Total Income Net Profit


275,643.1 61,134.8

Growth and Profitability (%)

10.7 2.6 22.2

TI Growth (y-o-y) NP Growth (y-o-y) NPM

(As on Mar 31, 2016)

Management Details

Chairman & Managing Director Rajeev Sharma Directors Dr Arun Kumar Verma R Nagarajan D Ravi Chinmoy Gangopadhyay Sitaram Pareek

Registered Address and Website

Power Finance Corporation Ltd. ‘Urjanidhi’, 1, Barakhamba Lane, Connaught Place New Delhi - 110 001 Website www.pfcindia.com



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