Bank
Power Finance Corporation (PFC)India
On record
This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-10-31 17:15:11
On record
This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-10-31 17:15:11
About
| Website | http://www.pfcindia.com |
| Headquarters |
1, Barakhamba Lane, Connaught Place
110 001 New Delhi
India
|
| CEO/chair |
Shri M.K.Goel Managing Director |
| Supervisor | |
| Ownership |
listed on Bombay Stock Exchange & NSE
Initially wholly owned by the Govt. of India who remains to be the biggest shareholder. PFC presently has nine subsidiary companies. PFC Consulting Ltd. (PFCCL) is a wholly owned subsidiary handling fee based services. The six other companies, namely Coastal Karnataka Power Limited, Coastal Tamil Nadu Power Limited, Coastal Maharashtra Power Limited, Orissa Integrated Power Limited, Jharkhand Integrated Power Limited and Akaltara Power Limited, are SPVs (shell companies) created for implementing the Ultra Mega Power Projects. |
Power Finance Corporation Ltd. is an Indian financial institution. Established in 1986, it is the financial back bone of Indian Power Sector.
Sustainability
Policies
Voluntary standards
Go here for the corporate social responsibility policy of the Power Finance Corporation Ltd. and for their most recent list of projects.
Power Finance Corporation (PFC) has committed itself to the following voluntary standards:
Dodgy Deals
Power Finance Corporation (PFC) is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Power Finance Corporation (PFC)'s link to these deals.
Accountability
This page evaluates Power Finance Corporation (PFC)'s responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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