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| About Power Finance Corporation Limited: | ||||||||||||||||||||||||||||||||||||||||||||||||||
The company is a leading financial institution in India focused on the power sector. The company was established as an integral part of, and continues to play a strategic role in, the GoI's initiatives for the development of the power sector in India. The company works closely with GoI instrumentalities, State governments and power sector utilities, other power sector intermediaries and private sector clients for the development and implementation of policies and structural and procedural reforms for the power sector in India. In addition, the company is involved in various GoI programs for the power sector, including acting as the nodal agency for the Ultra Mega Power Projects program and the Restructured Accelerated Power Development and Reform Programme (R-APDRP) and as a bid process coordinator for the ITP scheme. The company provides a comprehensive range of financial products and related advisory and other services from project conceptualization to the post-commissioning stage for its clients in the power sector, including for generation (conventional and renewable), transmission and distribution projects as well as for related renovation and modernization projects. The company provides various fund based financial assistance, including project finance, shortterm loans, buyer's line of credit and debt refinancing schemes, as well as non-fund based assistance including default payment guarantees and letters of comfort. The company also provides various fee-based technical advisory and consultancy services for power sector projects. The company is a listed government company and a public financial institution under the Companies Act. The company is registered with the RBI as a non-deposit taking systemically important NBFC ("NBFC") and was classified as an IFC in July 2010. The company was also awarded the India Pride Award 2009 in the NBFC category for excellence among public sector undertakings, and the Dalal Street Investor Journal PSU Award 2010 for being the Heavy Weight Navratna PSU and the Fastest Growing Navratna PSU, in the non-manufacturing category. | ||||||||||||||||||||||||||||||||||||||||||||||||||
Disclaimer:
This report is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Power Finance Corporation Limited ("The Company") and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This report has been prepared from the extracts of the RHP. Any person who subsequently acquires equity shares of Power Finance Corporation Limited must rely solely on the Offer Document issued in connection with the FPO, on the basis of which alone subscription for the equity shares may be made. In addition, investors should pay particular attention to the section of the Offer Document titled "Risk Factors".
This report is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Power Finance Corporation Limited ("The Company") and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This report has been prepared from the extracts of the RHP. Any person who subsequently acquires equity shares of Power Finance Corporation Limited must rely solely on the Offer Document issued in connection with the FPO, on the basis of which alone subscription for the equity shares may be made. In addition, investors should pay particular attention to the section of the Offer Document titled "Risk Factors".
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