Status of Power Finance Corporation's non-performing assets

Last Modified: Fri May 29 2020 07:39:48 GMT+0530 (India Standard Time)
  • 55%
    Percentage of loans made by PFC to the private sector that have turned bad. In contrast, asset quality of government-driven projects has held up well.
  • Rs 29,540 crore
    Amount in loans made to private sector that have been classified as non-performing assets at the end of FY19. The total loans outstanding to private sector power projects or companies during the same period stood at Rs 53,612 crore.
  • 29
    Number of stressed power projects across the country that PFC has exposure to.
  • 14
    Number of projects of the total 29, that are being resolved under the Insolvency and Bankruptcy Code. PFC has a total exposure of Rs 17,647 crore to these projects. Insolvency proceedings are underway in 6 of these 14 projects, where PFC has an exposure of Rs 3,046 crore. Another 6 projects, to which PFC has an exposure of Rs 12,996 crore, are still to be admitted for insolvency. NCLT passed liquidation orders against 2 projects where PFC had provided Rs 1,635 crore worth of loans. Some of the assets include: Avantha Power's Jhabua Power Plant, Jal Power Corporation's Rangit Hydro Power Project, Ind Bharat Utkal Power Plant and RKM Powergen's Uchpinda Thermal Power Plant.
  • 15
    Number of projects that are being resolved outside of the IBC. In 8 of these projects, where PFC has an exposure of Rs 10,186 crore, resolution plans are being discussed but are yet to be finalised. Some of these projects include GMR Chhattisgarh, Rattan India Amravati, Rattan India Nasik and KSK Mahanadi.