Ravinder Singh Dhillon, CMD, PFC signed the MoU with Alok Kumar, Secretary, Ministry of Power in the presence of Ashish Upadhyaya, Special Secretary & FA, MoP, Ajay Tewari, Additional Secretary, MoP, Piyush Singh, Joint Secretary, MoP, Parminder Chopra, Director (Finance), PFC, and Rajiv Ranjan Jha, Director (Projects), PFC.
Established in 1986, PFC today is the largest government owned NBFC in India.
In 2021, it became the first CPSE to be accorded the prestigious Maharatna status in the financial space. PFC has been showing a strategic shift in its loan portfolio with focus on the Renewables space, setting itself as one of the largest funding agencies for renewables in the country.
Recently the company got its MoA changed to fund the infrastructure and logistics space as well. It is a key partner to Government of India for implementation of several schemes such as Revamped Distribution Sector Scheme (RDSS), Liquidity Infusion Scheme underAtmanirbhar Bharat,
Late Payment Surcharge Rules (LPS), Independent Transmission Projects (ITPs) etc and has been one of the highest dividend paying companies.