Power Finance Corporation NCD July 2026

Power Finance Corporation Limited’s NCD issue (Tranche I) opens on January 16, 2026 and closes on January 30, 2026. It consists of secured, redeemable, non-convertible debentures with a base issue size of Rs 500 crore and a green shoe option of up to Rs 4,500 crore, taking the total potential issue size to Rs 5,000 crore. 

The NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size is 10 NCD. Power Finance Corporation Limited NCD allotment is on a first-come, first-served basis. The listing is at the NSE exchange. The tenor is 5 Years, 10 Years, 121 Months and 15 Years.

Lead managers of Power Finance Corporation NCD 2026 are Nuvama Wealth Management Ltd, A.K. Capital Services Ltd, Tipsons Consultancy Services Pvt Ltd, Trust Investment Advisors Pvt Ltd.

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Power Finance Corporation NCD: Important Details

Power Finance Corporation Limited: About the Company

Power Finance Corporation Limited (PFC) is a Maharatna Central Public Sector Enterprise and a leading Non-Banking Financial Company (NBFC) engaged in financing India’s power sector. Established in 1986, the company plays a key role in funding generation, transmission, and distribution projects across the country.

PFC provides financial assistance to state power utilities, central power sector entities, and private sector companies for the development of power infrastructure. The company also supports renewable energy projects and energy efficiency initiatives, contributing to India’s power sector growth and sustainability.

With decades of experience and strong government backing, Power Finance Corporation Limited continues to be a major driving force in strengthening India’s power ecosystem.

Power Finance Corporation NCD: Objectives

Power Finance Corporation Limited intends to utilise the net proceeds for onward lending, refinancing of existing borrowings and for general corporate purposes.

Power Finance Corporation Limited: Financial Performance (Amt in Rs Crore)

Coupon Rates of Power Finance Corporation Limited NCD 2024

Power Finance Corporation NCD Rating, NCD Review

Power Finance Corporation Limited’s NCD has been rated CARE AAA (Stable), CRISIL AAA (Stable) and ICRA AAA (Stable). The rating indicates the highest degree of safety for timely payment of interest and principal. It carries a very low credit risk with a stable outlook.

How do I apply for Power Finance Corporation Limited NCD?

You can click here to apply for the Power Finance Corporation NCD July 2026.

FAQs

1. What is NCD?

A Non-Convertible Debenture is a fixed-income financial instrument that cannot be converted into equity shares and pays a fixed rate of interest to investors over a specific period. To read more about NCDs click here.

2. When will the Power Finance Corporation Limited NCD be open for subscription?

Power Finance Corporation Limited NCD issue opens on January 16, 2026 and closes on January 30, 2026.

3. What is the issue size and price of the NCD?

The overall subscription issue size is Rs 5,000 crores. Power Finance Corporation Limited NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size is 10 NCD.

4. How can I apply for the Power Finance Corporation Limited NCD?

You can click here to apply for the Power Finance Corporation Limited NCD.

5. Who is appointed as the registrar of Power Finance Corporation Limited NCD?

Kfin Technologies Limited is appointed as the registrar for Power Finance Corporation Limited NCD.

6. Lead manager for the Power Finance Corporation Limited NCD?

Power Finance Corporation Limited NCD lead managers are Nuvama Wealth Management Limited, A.K. Capital Services Limited, Tipsons Consultancy Services Private Limited and Trust Investment Advisors Private Limited.