PFC

Power Finance Corporation (PFC), India’s leading power sector financier, has joined hands with the Japan Bank for International Cooperation (JBIC) to channel fresh capital into India’s clean energy ecosystem. The partnership focuses on funding renewable power projects, grid modernization, and energy efficiency initiatives across the country. With India targeting ambitious renewable capacity additions to meet its climate commitments, the financial backing from JBIC adds a critical layer of international support.

Power Finance Corporation (PFC), a leading financial backbone of India's energy infrastructure, reported a strong 25% year-on-year increase in its consolidated net profit for the first quarter, reaching Rs. 8,981 crore. This impressive growth reflects a robust loan book, efficient cost management, and continued demand for infrastructure financing in the power sector. With a sharp rise in interest income and disciplined asset quality, the state-owned non-banking financial company (NBFC) is reinforcing its critical role in India’s energy transition.