Power Finance Corporation

Power Finance Corporation has announced the launch of a non-convertible debenture issue aimed at raising up to Rs. 5,000 crore, reinforcing its strategy to secure long-term funding for India’s power and infrastructure sectors. The move comes amid sustained capital requirements for generation, transmission, and renewable energy projects, where access to stable financing remains critical. By tapping the domestic debt market, PFC seeks to diversify its funding base while locking in competitive borrowing costs.

Power Finance Corporation (PFC) Ltd., India’s leading state-owned infrastructure lender, reported a 9% year-on-year increase in consolidated net profit to Rs 7,834 crore for the second quarter (Q2) of FY2024-25, driven by higher loan disbursements and improved asset quality. The company’s revenue from operations surged to Rs 24,643 crore, while gross non-performing assets (NPAs) fell sharply, reflecting strong financial discipline and robust sectoral demand.

Power Finance Corporation (PFC), the state-run non-banking financial company and the largest lender to India’s power sector, has signed a performance agreement with the Ministry of Power for the current fiscal year. The pact outlines specific operational and financial targets aimed at strengthening accountability, improving efficiency, and supporting the government’s energy transition goals. By aligning corporate objectives with national priorities, PFC is expected to play a pivotal role in financing power sector reforms, renewable energy projects, and infrastructure modernization.