Our Company was incorporated on July 16, 1986 under the Companies Act
 as a public limited company, 
 registered with the RoC, National Territory of Delhi and Haryana and
 received the certificate for 
 commencement of business on December 31, 1987. Our Company was
 incorporated as a financial institution to 
 finance, facilitate and promote India’s power sector development and
 was notified as a public financial 
 institution under Section 4A of the Companies Act in August 31, 1990.
 
  
 Our Company is not operating under any injunction or restraining
 order. 
  
 Infrastructure Finance Company  
  
 On July 28, 2010, our Company was classified as an Infrastructure
 Finance Company (IFC). As an IFC we 
 are able to raise funds on a cost competitive basis. 
 
 Navratna Company 
  
 On June 22, 2007, our Company was notified as a Navratna company by
 the GoI. As a Navratna company, we 
 are eligible for enhanced delegation of powers to our Board,
 including (a) the power to incur capital expenditure 
 without governmental approval upto a specified limit; (b) ceiling on
 equity investment to establish financial 
 joint ventures and wholly owned subsidiaries in India or abroad to be
 15% of the net worth of our Company in a 
 single project limited to ` 10,000 million and the overall ceiling on
 such investments in all projects put together 
 to be 30% of the net worth of our Company; (c) power to enter into
 mergers and acquisitions subject to certain 
 conditions; and (d) the Board has the power to further delegate the
 powers relating to human resource 
 management (appointments, transfers, postings, etc,) of executives
 below Board level to sub-committees of the 
 Board or to executives of our Company as may be decided by the Board.
  
  
 Changes in registered office  
  
 At the time of incorporation, the registered office of our Company
 was situated at Room No. 627, Shram Shakti 
 Bhawan, Rafi Marg, New Delhi 110 001, India. On March 25, 1988, the
 registered office of our Company was 
 shifted to Chandralok, 36, Janpath, New Delhi 110 001, India.
 Subsequently, on September 23, 2006, the 
 registered office of our Company was shifted to Urjanidhi, 1
 Barakhamba Lane, Connaught Place, New Delhi 
 – 110 001 for ensuring administrative and operational efficiency. 
 
 Major events  
  
 In addition to the events described above, the following table
 illustrates the major events in the history of our 
 Company since its incorporation. 
  
 Calendar Year  Event 
 
 1986                 Incorporation of our Company.  
 
 1987                 Certificate of commencement of business
 received.  
 
 1988                 Commencement of lending activities;  
 
                          Evolution of broad operational policies
 identifying priority areas for providing financial assistance; and  
                          Formulation of short term, medium term and
 long-term strategies for operations.  
 
 1989                 Provided first guarantee to Mitsui and Company,
 Japan for payment of principal, for Rupees equivalent to 
                          Japanese Yen 27.39 billion for supplier
 credit made available to Uttar Pradesh State Electricity Board for 
                          setting up of 1,000 MW Anpara B Thermal
 Power Project.  
 
 1990                 Declared as a public financial institution under
 section 4A of Companies Act.  
 
 1991                 Conferred with a license to deal in foreign
 exchange in the power sector.  
 
 1992                 Project on Energy Management Consultation and
 Training made operational with the objective to bring about 
                          improvement in the efficiency of the energy
 supply component of the power sector with the help of USAID. 
 
 1993                 First MoU with GoI in relation to operational
 targets and rated excellent on the basis of all round performance 
                          for the same.  
 
 1994                 Company declared maiden dividend to the GoI.  
 
 1996                 Started funding private power projects. 
 
 1998                 -  Registered as an NBFC; 
                          -  Declared a Mini Ratna (Category I); and 
 
                          -  Promoted PTC India Limited as joint
 venture with NTPC Limited and Powergrid Corporation of India 
                             Limited. 
 
 1999                 Launched consultancy services in order to
 provide consultancy services to both state owned and private 
                          power utilities for the power and financial
 sectors.  
 
 2003                 Appointed by the MoP as a nodal agency to fund
 the India Power Fund scheme to catalyze the process of 
                          fresh equity investment in the power sector.
 
 
 2004                 Project appraisal system certified as ISO 9001. 
 
 
 2005                 Entered into MoU with LIC and ten leading public
 sector banks for consortium financing of power projects.  
 
 2006                 Set up seven subsidiary companies for developing
 UMPPs; and  
                         Our disbursement crossed Rs. 100,000 million.
  
 
 2007                -  Incorporation of 4 new subsidiaries 2 for
 developing UMPPs and 2 for developing ITPs;  
                         -  Listing of our Equity Shares on the Stock
 Exchanges. 
                         -  Declared as a Navratna PSU. 
 
 2008                -  Appointed as nodal agency for APDRP; 
                         - Three of our SPVs/subsidiaries namely
 Coastal Gujarat Power Limited for Mundra UMPP in Gujarat, 
                            Sasan Power Limited for Sasan UMPP in
 Madhya Pradesh and Coastal Andhra Power Limited for 
                            Krishnapatnam UMPP in Andhra Pradesh were
 transferred to the successful bidders;  
                         -  Launch of R-APDRP programe; and  
                         -  Incorporation of a new subsidiary namely
 PFC Consulting Limited for undertaking consultancy assignment 
                            in the power sector.  
 
 2009                -  PFCCL appointed as the bid process coordinator
 for ITPs; 
                         -  Jharkhand Integrated Power Limited
 SPV/subsidiary established  for Tilaiya UMPP in Jharkhand 
                            transferred to the successful bidder; and
 
                        -  Our Company featured in the list of top 500
 Global Financial Brands 2009. 
 
 2010               Received ISO 9001:2008 certification; and  
                        Registered with the RBI as an Infrastructure
 Finance Company. 
 
 2011               Public issue of long term infrastructure bonds.  
 
 Awards and Recognitions  
  
 Our Company has been entering into annual memorandum of understanding
 with the MoP (MoP MoU) since 
 1993-94 and has been consistently rated in the highest category of
 Excellent since then (except being rated 
 Very Good in 2004-05).  
  
 Our Company has received the following awards in the recent past:  
  
 *  Gentle Giant, the Largest Navratna (Non-Manufacturing) - award at
 the 3rd DSIJ PSU Awards on April 
 21, 2011 by DSIJ; 
 
 *  SCOPE Commendation Certificate in the category of Best Managed
 Bank, Financial Institution or 
 Insurance Company for the year 2009-2010 during the public sector day
 ceremony on April 11, 2011; 
 
 *  Global HR Excellence Award in the category of Institution Building
 Award during the World HR 
 Congress 2011 on February 11, 2011; 
 
 *  Heavy Weight Navaratna Award (Non Manufacturing) and the Fastest
 Growing among Navaratna
 during the 2nd  PSU Awards 2010;  
 
 *  3rd KPMG- Infrastructure Today Award 2010 in the category of Most
 Admired Central Entity in power 
 Sector;  
 
 *  India Power Award 2010 for the Integrated Development of Power and
 Associated Sector organized by 
 Council of Power Utilities on November 11, 2010;  
 
 *  ICT for India Award for excellence in performance for R-APDRP
 during the Digital Inclusion Day
 organized jointly by SKOCH Consultancy and Department of Information
 and Technology, Government of 
 India, on September 22, 2010; 
 
 *  Asia Pacific HRM award for leading HR Practices in 'Learning &
 Human Capital Development during the 
 Asia Pacific HRM Congress at Bangalore on September 3, 2010; 
 
 *  India’s Pride Award 2010 in the category of Financial Catalyst of
 the year organized by Dainik Bhaskar; 
 
 *  Gold award for excellence in PSU’s in Non Banking Financial
 Institution 2009 by India Pride awards 
 with DNA; 
 
 *  India Power Award 2009 in the category of Innovative Financing by
 the Council of Power Utility on 
 November 17, 2009; 
 
 *  Dalal Street’s First DSIJ Award 2009 in the category PSU having
 the highest profit per employee;  
 
 *  KPMG - Infrastructure Today Award 2008 for Most Admired Government
 Enabler - Power Category;  
 
 *  India Power Award 2008 for PFC’s role and association as
 implementation agency with Distribution 
 Upgrades and Management (DRUM) programme of Government of India; and 
 
 
 *  Ranked 2nd  on the basis of Total Income in FIs/NBFCs/Financial
 Sector category in Dun & Bradstreet’s 
  India’s Top 500 Companies 2007