Reaffirming its commitment to the development of the North Eastern Region’s power sector, Power Finance Corporation (PFC), a Maharatna company and a leading non-banking financial company (NBFC) in the Indian power sector, recently held its Board Meeting in Shillong, Meghalaya. During the meeting, PFC sanctioned loans amounting to ₹15,000 crore for various projects, including its first-ever financing for a Greenfield Airport project in Andhra Pradesh, as part of its diversification strategy.
The Board of Directors reviewed key strategic agendas, focusing on business diversification, expansion into new market segments, and accelerating investments in the renewable energy sector. Other discussions included analyzing domestic and international market conditions and their impact on borrowing costs, as well as strengthening internal systems to enhance asset quality.
The meeting was attended by senior leadership, including Smt. Parminder Chopra, CMD; Shri Rajiv Ranjan Jha, Director (Projects); Shri Manoj Sharma, Director (Commercial); Shri Ajay Tewari, Government Nominee Director; Shri Bhaskar Bhattacharya, Independent Director; Smt. Usha Sajeev Nair, Independent Director; and Shri Prasanna Tantri, Independent Director.
PFC continues to play a critical role in financing India’s energy transition goals, supporting the power and infrastructure sectors, and implementing key government initiatives such as the Revamped Distribution Sector Scheme (RDSS) and the Late Payment Surcharge (LPS) rules. This strategic focus underscores PFC’s commitment to enabling sustainable growth in India’s energy and infrastructure landscape.