Power Finance Corporation (PFC)
- Established in 1986.
- Achieved Maharatna status in October 2021.
- Ranks as the 8th highest profit-making Central Public Sector Enterprise (CPSE), according to the Department of Public Enterprises Survey for FY 2017–18.
- Operates under the Ministry of Power.
- Organized into three wings, each led by a Functional Director: Commercial Division, Projects Division, and Finance & Financial Operations Division.
- In November 2017, it initiated a significant Green Bond issue, raising US$400 million.
Maharatna Companies in India
Maharatna companies in India are a distinct category among Public Sector Undertakings. The term “Maharatna”, which means “a great jewel” in Hindi, highlights the importance of these companies in the national economy and their impact globally. To have the Maharatna status, companies must meet specific criteria set by the Indian government, including already holding Navratna status, being listed on India’s stock exchange with a minimum prescribed public shareholding, and maintaining strong financial performance.
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