Parminder Chopra takes over as Power Finance Corporation Director (Finance)

New Delhi: Authorities-owned Power Finance Corporation (PFC) on Wednesday introduced the appointment of Parminder Chopra as Director (Finance) of the corporate. She succeeds N B Gupta, who superannuated on Tuesday, June 30 2020.

Chopra was working as Government Director (Finance) at Energy Finance Company (PFC) earlier than assuming cost as Director (Finance), PFC.

With over 32 years of expertise, she specialises in dealing with core finance features reminiscent of fund mobilisation, company accounts, banking and treasury, asset-liability administration and pressured asset decision.

Earlier than becoming a member of PFC, she was related to energy sector organisations like NHPC and Energy Grid Company of India (PGCIL).

Chopra, who joined PFC in 2005, took initiative to diversify PFC’s fund mobilisation to international markets that allowed the lender to lift cash at decrease prices. She has additionally performed a key position in launch of PFC’s maiden Inexperienced Bond challenge and PFC’s first fund elevating from US bond market underneath sec 144(a). She additionally assisted in PFC’s acquisition of 52.63% in REC Ltd and overcome challenges associated to PFC’s capital adequacy ranges and negotiations with varied events relating to PFC’s borrowing agreements and home and worldwide credit standing.