Bank
Power Finance Corporation (PFC)India
Active
This profile is actively maintained
Last update: 2024-06-06 13:22:12
Power Finance Corporation India logo. Photo: Power Finance Corporation
Active
This profile is actively maintained
Last update: 2024-06-06 13:22:12
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 | |
| 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
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.
Projects / Companies
Finance type
Year
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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