Initially wholly owned by the Government of India, the company issued an IPO in January 2007.

The Commercial Division is responsible for credit appraisal, categorization of borrower entities, power sector reforms, review, and analysis.

Over the last two-three years, PFC has focused on diversifying its borrowing portfolio by raising funds from international markets.

Out of this US$1 billion was raised in June 2019, which was the first dual and largest USD bonds transaction for Govt owned Indian NBFC.

Recently, it began financing other infrastructure projects which have backward linkages to the power sector like coal mine development, fuel transportation, oil & gas pipelines, etc.

PFC is also the nodal agency for the implementation of the ambitious Ultra Mega Power Plants (UMPPs) and the R-APDRP program[7][8] of Govt.

PFC presently has ten subsidiaries, seven of which are SPVs (shell companies) to implement the UMPP project: After the purchase of the entire holding of the Govt.