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Power Finance Corporation (PFC)India

Active

This profile is actively maintained
Last update: 2025-05-12 14:34:17
Power Finance Corporation India logo. Photo: Power Finance Corporation

Active

This profile is actively maintained
Last update: 2025-05-12 14:34:17
About
Website http://www.pfcindia.com
Headquarters
1, Barakhamba Lane, Connaught Place
110 001 New Delhi
India
CEO/chair Smt. Parminder Chopra
Chairman and Managing Director
Supervisor
Reserve Bank of India
Ownership
listed on Bombay Stock Exchange & NSE

PFC's majority shareholder is the Govt. of India (56%). See here for PFC's complete shareholder structure.

PFC has several subsidiaries: PFC Consulting (PFCCL) is a wholly owned subsidiary handling fee based services. The other subsidiaries, namely Coastal Karnataka Power, Coastal Tamil Nadu Power, Coastal Maharashtra Power, Orissa Integrated Power, Jharkhand Integrated Power and Akaltara Power, are SPVs (shell companies) created for implementing the Ultra Mega Power Projects.

The Power Finance Corporation is an Indian financial institution which was established in 1986. It is majority-owned by the Government of India. The Power Finance Corporation is a large financier of the Indian power sector via the so-called Ultra Mega Power projects.

Sustainability
Commitments
Policies
Voluntary standards

Power Finance Corporation's most important sustainability commitments can be found at the website sections listed below.

Links

CSR

2024-09-30 00:00:00

Corporate Social Responsibility Policy

Bank policy
2024-09-30 00:00:00 | PFC
Power Finance Corporation (PFC) has committed itself to the following voluntary standards:
United Nations Global CompactTags: United Nations | human rights
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.

Projects / Companies
Finance type
Year
Resources
Documents
Links
2025-05-12 00:00:00

Annual report 2024

Annual report
2025-05-12 00:00:00 | PFC
2024-09-30 00:00:00

Corporate Social Responsibility Policy

Bank policy
2024-09-30 00:00:00 | PFC
2023-08-14 00:00:00

Annual report 2022-2023

Annual report
2023-08-14 00:00:00 | PFC
2022-08-15 00:00:00

Annual report 2021-2022

Annual report
2022-08-15 00:00:00 | PFC

Corporate Social Responsibility

CSR Pages of Power Finance Corporation Ltd.
Accountability
Grievances

PFC does not operate a complaints or grievances mechanism for individuals or communities that might have been affected by the company's financing.

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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