Top 10 Public Sector (PSU) Companies in India 2016
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8) POWER FINANCE CORPORATION LIMITED
The Power Finance Corporation Limited, India’s top financial institution and a Navratna Company, was established in July 1986. It is a major part of Indian Power Sector.
In the initial years, the company was completely owned by Government of India and then in the year of 2007, the Power Finance Corp Ltd issued an IPO, which is the largest of any Indian Company till date as it was oversubscribed by more than 76 times. It is headquartered in New Delhi.
The company is listed on both NSE and BSE. For its vital role in the development of power sector, the company had been awarded with “KPMG – Infrastructure Today Award 2008”. Currently, it employees over 330 people.
The Power Finance Corporation Limited offers the following services:
1 Commercial – handles appraisal of credit, borrower entity categorization and analysing the reforms of power sector 2 Projects – responsible for the operations of different states and project appraisal 3 Finance and Financial operations – funds mobilization and their reimbursement
Objectives of the Power Finance Corporation Limited:
a Is to provide power projects with any financial assistance needed b Handling of generation, transmission and distribution of power and also deals with Renovation, Modernization & Upgrading (RM&U) projects c To provide financial assistance to infrastructural projects that are associated with the power sector