SKOCH Summit
Mr Ravinder Singh Dhillon
Chairman & Managing Director, Power Finance Corporation (PFC)
Leading from the front with 3-pronged strategy, involving assessment growth through diversification, reduction in borrowing cost and strengthening of internal systems to improve asset quality, Ravinder Singh Dhillon’s has steered the Power Finance Corporation to attain the status of Maharatna from Navratna earlier. It was due to his efforts leading to liquidity infusion to Discoms during Covid that maintained the power sector value chain, averting the crisis. He has played a pivotal role in growing PFCs RE loan book, registering a 5-year CAGR of 46%. India’s first RE integrated pumped storage project was spearheaded by him that saw PFC’s RE portfolio crossing 15,000 MW milestone. PFC also raised EUR 300 million in Green Bonds and mobilised Rs 4,429 cr through domestic bonds, under his leadership. During last 6 years, PFC has reported lowest ever net NPA of 1.31%, down from 7.39% in 2019.
Mr Ravinder Singh Dhillon at the 92nd SKOCH Summit: India Economic Forum - India 2047
Mr Ravinder Singh Dhillon
Chairman & Managing Director, Power Finance Corporation (PFC)
Key Points*
- I’m grateful to SKOCH Group for this award and feel privileged to receive it.
- I want to thank the entire PFC team for supporting me in this journey.
- PFC is the largest NBFC in the country and has achieved Maharatna status.
- PFC has financed the power sector in a big way across the entire value chain.
- We have funded more than 230 gigawatts of installed power capacity.
- Our funding spans generation, transmission, and distribution.
- For the last six-seven years, PFC has also funded renewable energy in a big way.
- We are actively contributing to India’s energy transition.
- PFC has funded around 25,000 megawatts of renewable energy to support the environment and Net Zero goals.
- PFC has also received Golden Shield awards for excellence in financial reporting.
* This content is AI generated. It is suggested to read the full transcript for any furthur clarity.
Transcript
Good morning everyone.
It is a privilege to get this award, and I am thankful to SKOCH Group for this award. I would like to thank the entire team at PFC who has supported me.
PFC is the largest NBFC in the country, and is a Maharatna also, and it has financed the power sector in a big way. We have funded more than 230 gigawatts of installed capacity. And PFC’s funding generation, transmission, distribution, and now it has started funding for the last six-seven years renewable energy also in a big way.
And we are contributing to the energy transition in the country. We have funded around 200 and 25,000 megawatts of renewable energy. So we are doing our bit for the environment and to support the Net Zero target to be achieved by 2017.
And PFC has been getting awards for Golden Shield from the Institute also for financial reporting.
So thank you very much, Sameer ji. Thanks.
