Rajesh Kumar Agarwal Takes Charge as Director at Power Finance Corporation

Mr. Rajesh Kumar Agarwal has assumed the charge of the Director at Power Finance Corporation (PFC). He had over three decades of the experience in power and financial services. He has been associated with Power Finance Corporation for a significant part of his career where he has handled roles across project financing, credit appraisal, and loan portfolio management.

Extensive Experience in Power and Financial Sectors

Rajesh Kumar Agarwal brings the more than 30 years of professional experience and most of the time has been spent at PFC.

His key areas of expertise includes the,

• The project financing for the large-scale power projects.
• Also the credit appraisal and risk assessment.
• Also part of the loan portfolio management
• The evaluation of projects across generation, transmission and distribution

Key Responsibilities in His New Role

As the Director at PFC Agarwal will play the vital role to shaping the organization’s financial and operational strategies.

Major Responsibilities

• To overseeing the financing decisions and lending strategy.
• To conducting risk assessment and project evaluation.
• Also to monitoring execution of funded projects.
• Will be support the long-term growth of PFC’s investment portfolio.

About Power Finance Corporation

Power Finance Corporation is the India’s leading Non-Banking Financial Companies (NBFCs) which is focused on the power sector.

Key Functions of PFC

• It helps to finance the power generation projects
• Also supports the transmission and distribution infrastructure.
• Funding the both thermal and renewable energy projects.

Overview

• PFC is the Government of India Public Sector Enterprise (NBFC).
• It was established in 1986 under the Ministry of Power.
• It provides the infrastructure financing to the Indian power sector.
• It was granted the Maharatna status on 12 October 2021.
• PFC also Listed on BSE and NSE.

Question

Q. The classification of Maharatna, Navratna, and Miniratna is applicable to.

A. Private companies
B. State Public Sector Undertakings only
C. Central Public Sector Enterprises (CPSEs)
D. Cooperative societies