Ms. Parminder Chopra, Director (Finance), Power Finance Corporation (PFC) Ltd Awarded Prestigious ET Ascent Award “Best CFO-PSU” in Bengaluru

New Delhi, September 22, 2022: Ms. Parminder Chopra, Director (Finance), Power Finance Corporation (PFC) Ltd., received the prestigious ET Ascent ‘Best CFO-PSU’ award in a glittering ceremony held at the Taj, MG Road, Bengaluru. This prestigious event organized by ET honors the men, women and organizations whose contributions have had a significant influence on the business world. ET Ascent’s “Best CFO-PSU Award” went to Ms. Chopra for her outstanding contribution to the financial strength of the PFC and the country as a whole.

Smt. Parminder Chopra, 53, has a Bachelor of Commerce and is a qualified cost accountant and MBA. She took over as Director (Finance) of Power Finance Corporation Ltd. on July 1, 2020. She has over 32 years of experience in the power industry, serving key power industry organizations such as National Hydroelectric Power Corporation of India ( NHPC) and Power Grid Corporation of India (PGCIL). She joined PFC in 2005 and worked as Executive Director (Finance) before assuming the position of Director (Finance) of PFC. She has managed a range of financial portfolios such as resource mobilization in domestic and international markets, banking and treasury, asset and liability management, distressed asset resolution, etc.

PFC is under the administrative control of the Department of Energy. It was awarded the title of “Maharatna CPSE” in October 2021 and was classified as an Infrastructure Finance Company by the RBI on July 28, 2010. PFC plays a crucial role in India’s rise as a global player. Increasingly, a country’s development is assessed by measuring its energy consumption. With much of our nation still, unfortunately, without any access to electricity, PFC will become an increasingly important factor in the years to come. Our shareholders and customers have full confidence in our ability to deliver unbeatable results. Despite the difficulties faced by the energy and financial sectors, PFC continues to maintain a healthy loan portfolio, as well as low NPA levels. It was thanks to PFC’s robust evaluation and appraisal processes that this was possible.