PFC Infra Finance IFSC Limited (PIFIL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has received approval from the International Financial Services Centres Authority (IFSCA) to commence operations as a Finance Company in the International Financial Services Centre (IFSC) at GIFT City, Gujarat.
As part of India’s largest NBFC group, PIFIL will be the first finance company in IFSC dedicated to power and infrastructure lending. The company aims to provide foreign currency lending services to both government and private sector clients in India and internationally, positioning PFC as a global brand and enhancing India’s status as a financial hub.
In a ceremony at GIFT City, Shri K. Rajaraman, Chairperson of IFSCA, presented the Certificate of Registration (CoR) to Smt. Parminder Chopra, Chairperson of PFC and PFC Infra Finance IFSC Limited. Rajaraman congratulated PFC for being the first government NBFC to receive such approval and highlighted the company’s role in supporting renewable energy financing to achieve Net Zero goals.
Smt. Parminder Chopra, Chairperson PFC & PFC Infra Finance IFSC Limited stated that “We are proud to be the first finance company in the IFSC focused on infrastructure including power sector lending. As we commence operations, funding for energy transition will be a key focus, aligning with India’s strong push towards clean energy sources. We bring a wealth of experience from our successful track record in India’s power sector and we are confident that our presence will contribute significantly to the growth and success of the IFSC.”
