BANK ON LARGEST NBFC BY NET WORTH

HERE IS WHY

Dalal Street Investment Journal - - RECOMMENDATIONS EQUITY -

Largest NBFC Spe­cialised fi­nan­cial in­sti­tu­tion A con­sis­tently profit-mak­ing and div­i­dend­pay­ing com­pany

In­cor­po­rated on July 16, 1986, Power Fi­nance Cor­po­ra­tion Ltd. is a Sched­ule-a Navratna CPSE, and is a lead­ing non-bank­ing fi­nan­cial cor­po­ra­tion in the coun­try. PFC'S reg­is­tered of­fice is lo­cated at New Delhi and re­gional of­fices are lo­cated at Mum­bai and Chen­nai. PFC vi­sion is to be the lead­ing in­sti­tu­tional part­ner for the power and al­lied in­fra­struc­ture sec­tors in In­dia and over­seas across the value chain.

KEY STRENGTHS

PFC is the largest NBFC by net worth and is a spe­cialised fi­nan­cial in­sti­tu­tion in power sec­tor. PFC is a dom­i­nant player with around 20 per cent mar­ket share and is des­ig­nated as a "Nodal Agency" for de­vel­op­ment of In­te­grated Power De­vel­op­ment Scheme (IPDS), Ul­tra Mega Power Projects (UMPPS) and "Bid Process Co­or­di­na­tor" for Independent Trans­mis­sion Projects (ITPS). An ISO 9001:2015 cer­ti­fied PFC is a con­sis­tently profit-mak­ing and div­i­dend­pay­ing com­pany with strong as­set qual­ity. PFC en­joys one of the low­est ad­min­is­tra­tive cost in the in­dus­try and boasts of con­sul­tancy and ad­vi­sory ser­vices in strate­gic, fi­nan­cial, reg­u­la­tory and ca­pac­ity build­ing skills un­der one um­brella.

FI­NAN­CIALS

Power Fi­nance Cor­po­ra­tion posted a loss of ₹3400 crore in the fourth quar­ter of FY17, as the pro­vi­sions surged in ac­cor­dance with the RBI norms. Due to the rise in pro­vi­sions as con­se­quence of

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