Power Finance Corporation Limited

Power Finance Corporation Limited (PFC), incorporated in 1986, is a non-banking financial company with infrastructure finance company status, established by the Government of India as a specialised development financial institution to fund projects in the domestic power sector. The GoI held a 56% stake in the company as of December 31, 2025. PFC extends loans across a range of power sector activities, including generation, distribution, transmission, and plant renovation and maintenance, as well as other infrastructure projects. It is the promoter and holding company of REC Limited, having acquired 103.94 crore equity shares of REC from the President of India in March 2019, representing 53% of REC's paid-up share capital. On a standalone basis, PFC reported a profit after tax of Rs. 13,727 crore in 9M FY2026, against Rs. 17,352 crore for full-year FY2025, with capital adequacy of 22.4% and a total loan book of Rs. 5,69,627 crore as of December 31, 2025 (Rs. 5,43,120 crore as of March 31, 2025). At the consolidated level, PFC posted a PAT of Rs. 25,028 crore in 9M FY2026 versus Rs. 30,514 crore in FY2025, with a total loan book of Rs. 11,51,407 crore as of December 31, 2025.