Centre accords “Maharatna” status to state-owned PFC Ltd

• The Government of India has accorded ‘Maharatna’ status to the state-owned Power Finance Corporation Ltd (PFC).

•  The new status will give PFC greater operational and financial autonomy. PFC was incorporated in 1986, as an Indian financial institution under the ownership of the Ministry of Power. 

• It is the largest Infrastructure Finance Company in India, exclusively dedicated to Power Sector.