Government-owned Power Finance Corporation (PFC), announced the appointment of Parminder Chopra as Director (Finance) of the company. With over 32 years of rich and varied experience, she specializes in handling crucial and core finance functions such as fund mobilisation, corporate accounts, banking & treasury, asset-liability management, stressed asset resolution etc.
Before joining PFC, she was associated with key organizations in the power sector like National Hydroelectric Power Corporation of India (NHPC) and Power Grid Corporation of India (PGCIL). She joined PFC in 2005, initiated a diversification of PFC’s fund mobilisation to international markets that allowed the lender to raise money at lower costs. With her focused approach, the share of fund mobilisation in foreign currency grew from 2% to 15% within a short span of 2 years.
Smt. Chopra has also been admired for her initiatives including the launch of PFC’s Maiden Green Bond issue & PFC’s first fundraising from US bond market under sec 144(a). She also played a key role in PFC’s mega acquisition of Government of India’s holding of 52.63% in REC Ltd.