Company Profile
Power Finance Corporation Limited, a non-banking finance company provides financial products and related advisory services to the power, logistics, and infrastructure sectors in India.
The company offers fund-based financial policies and products, such as project-specific funding. Its portfolio also includes a revamped distribution sector scheme, funding for clearance of dues-LPS, a revolving bill payment facility, guidelines for solar and wind power generation projects
For funding private sector independent transmission projects (ITP), a debt refinancing policy, a prepayment policy for solar wind ITP and projects, takeout financing, asset acquisition, bridge loans, buyer's lines of credit, credit facilities for the purchase of power through power exchanges, and conventional and energy-saving projects, and project, medium, and short-term loan services.
Its fund-based financial policies/products also include grants/interest-free loans for studies/consultancies. Its portfolio also includes lease financing for the purchase of equipment and wind power projects, a line of credit for the import of coal, a policy for underwriting of debt, and financial assistance to distribution franchisees
Non-fund-based policies/products comprising guarantees, letters of comfort, and a policy for guarantees for credit enhancement; and non-fund-based consultancy services. Incorporated in 1986, Power Finance Corporation is headquartered in New Delhi, India.