As of July 2025, the Power Finance Corporation holds which of the following CPSE status?
Show answer & explanation
Correct answer: A
Explanation
Correct Answer: Option 1 (Maharatna)
Key Facts about Power Finance Corporation Limited (PFC):
CPSE Status: As of July 2025, Power Finance Corporation (PFC) holds the status of a 'Maharatna' Central Public Sector Enterprise (CPSE).
- Date of Upgrade: PFC was accorded 'Maharatna' status by the Government of India in October 2021, thereby becoming the 11th government company to join this prestigious list.
- Significance: Attaining Maharatna status grants the company greater autonomy in financial matters and the freedom to undertake large-scale investments.
Information regarding CPSE Classification:
- The Government of India classifies public sector companies into three categories based on their financial performance and turnover:
- Maharatna: The largest government companies. Examples: PFC, REC Limited, NTPC, ONGC, SAIL.
- Navratna: Large, mid-tier companies that enjoy a moderate level of financial autonomy.
- Miniratna (Category-I & II): Companies that have been consistently generating profits.
Other Exam-Relevant Facts related to PFC:
Sector: It is a leading Non-Banking Financial Company (NBFC) dedicated to the development of the power sector in India.
Establishment: It was established in 1986.
Ministry: It operates under the administrative control of the Union Ministry of Power.