Power Finance Corporation Ltd. is an Indian public sector company engaged in infrastructure finance activities. Established in 1986, it provides financing for the Indian power sector and is under the administrative control of the Ministry of Power, Government of India. PFC was classified as a "Maharatna" enterprise on 12 October 2021. Initially wholly owned by the Government of India, the company issued an IPO in January 2007, which was one of the largest IPOs of any Indian CPSU. PFC is listed on the Bombay Stock Exchange and the National Stock Exchange. On 6 December 2018, the Government of India approved PFC's takeover of REC. The acquisition completed on 28 March 2019 with PFC acquiring government of India's 52.63% stake in REC. Wikipedia