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The full form of PFC Power Finance Corporation. It is a leading non-banking financial institution (NBFC) in India, under the administrative control of the Ministry of Power. PFC was incorporated on July 16, 1986, and has been playing a pivotal role in the development of the power sector in India. In this blog, we will learn more about the full form and how it has contributed to the development of India.
What is Power Finance Corporation?
PFC is a Schedule-A Maharatna CPSE (Central Public Sector Enterprise) and is one of the largest NBFCs in India. The company has a strong track record of financial performance and has been consistently profitable.
It provides financial assistance to the entire power sector, including generation, transmission, distribution, and renewable energy. The company also provides financial assistance to other infrastructure sectors, such as roads, railways, and telecommunications.
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Services and Products of PFC
PFC’s key products and services include:
- Term loans
- Working capital loans
- Finance Projects
- Financial advisory services
- Investment banking services
PFC has a network of over 300 offices across India and has a strong team of experienced professionals. The company is committed to providing its customers with the highest quality of financial services.
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Role of the corporation
PFC has played a pivotal role in the development of the power sector in India. The company has provided financial assistance to a large number of power projects, including some of the largest and most complex projects in the country.
The corporations financial assistance has helped to increase the generation, transmission, and distribution capacity of the power sector in India. The company has also helped to promote the development of renewable energy projects.
PFC’s commitment to the development of the power sector has been recognized by the Government of India. The company has been awarded the Maharatna status, which is the highest status awarded to CPSEs in India.
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