PFC was declared a public Financial Institution under Section 4(a) of the Companies Act, 1956 in August, 1990. The corporation was registered as a nonbanking financial company by RBI and has been conferred with the status of Nav-Ratna PSU by Govt. of India on 22nd June, 2007. The authorised capital of PFC is Rs.2000/- crores. The paid up capital as on 31.03.2007 was Rs. 1147.76 crores. The Corporate Headquareters of PFC are located at New Delhi. It has regional office at Chennai and Mumbai

PFC has been providing financial assistance so far for State Power Utilities and Muncipal Run Utilities, besides playing a catalytic role in bringing about overall improvement in the power sector performance.PFC has expanded its lending portfolio to cover the joint, central and private sector. The corporation has widened its range of studies/facilities by introdusing bridge loan, leasing, supplier's credit assistance for studies/consultancies/trainnings, bill discounting and rediscounting, working capital schemes, bonds, shares, gurantee services etc.

The main objectives to be persued as:-

• To Finance Power Projects in particular Thermal and hydro Projects
• To Finance Power Transmission & Distribution work.
• To Finance Renovation & Modernisation of power plants.
• To Finance System Improvement and Energy Conservation schemes.
• To Finance maintenance and repair of capital equipment etc.
• To Finance survey and investigation.
• To Finance studies, schemes and experiments.
• To Finance other energy sources.
• To Promote and organise consultancy servies.

For further details, please surf the site at : www.pfcindia.com