PFC

(PFC) – Simple Overview (No citations) What it is: Power Finance Corporation Ltd is a Maharatna PSU NBFC and the largest financier of India’s power sector, operating under the Ministry of Power. It is also the holding company of REC Limited. Founded: 1986 Headquarters: New Delhi What PFC Does Power generation: Thermal, hydro, nuclear, renewable projects Transmission & distribution: State utilities, discom financing Reforms financing: Support for UDAY, RDSS and other power reforms Green focus: Increasing lending to renewable and clean energy projects Business Model (How it earns) Interest income from long-term power sector loans Strong spreads due to quasi-sovereign borrower profile Fee income and refinancing activities Why PFC Is Important Backbone of India’s electricity infrastructure Direct beneficiary of power capex & grid expansion Known for high and consistent dividends Key Strengths Government ownership and support Large, diversified loan book Improving asset quality Attractive dividend yield