Power Finance Business Overview
Power Finance Corporation Limited (PFC), founded in 1986, is a Non-Banking Financial Company (NBFC) in India with a focus on the power sector. PFC works with the Government of India, state governments, power utilities, and private companies for improvements in the power industry.
The firm offers a wide range of fund-based and non-fund-based financial products, such as long-term and short-term loans, technical advisory and consultancy services, lines of credit, debt underwriting, refinancing, and many more. PFC is aiming to be one of the affordable and competitive financial services providers supporting reforms in the Indian power sector. PFC was also awarded with Navratna status by the Government of India.
Power Finance NCD Tranche I January 2026 Details
| NCD Tranche I Issue Open | January 16, 2026 |
| NCD Tranche I Issue Close | January 30, 2026 |
| Issue Size (Base) | ₹500 Crores |
| Tranche Issue Size | ₹500 Crores |
| Issue Size (Shelf) | ₹10,000 Crores |
| Price Band | ₹1000 per NCD Tranche I |
| Interest Rate | Up to 7.05% ** (Annually) |
| Minimum Investment | 10 Bonds (₹10,000) |
| Listing on | NSE Platform |
| Credit Rating | AAA/Stable by CARE Ratings Limited, AAA/Stable by Crisil Ratings Limited, AAA/ Stable by ICRA Limited |
| Tenor | 121 Months, 5 Years, 10 Years, and 15 Years |
| Basis of Allotment | First Come First Serve Basis |
| DRHP Document |  |
| RHP Document | |
Power Finance NCD Tranche I January 2026 Promoters
- The promoters of the company are The President of India, acting through and represented by Ministry of Power, Government of India.
How to Apply Power Finance NCD Tranche I January 2026 Issue?
You can apply from your existing Demat account online and offline. You can apply by downloading the form from the official website and filling up all the details with the cheque for the said amount. You can submit it to the collection centers.
Power Finance NCD Tranche I Review
- May Apply
Power Finance NCD Tranche I January 2026 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| 1 | 5 Years | Annual | 6.85% | 6.85% |
| 2 | 10 Years | Annual | 7.00% | 6.99% |
| 3 | 121 Months | NA | NA | 6.80% |
| 4 | 15 Years | Annual | 7.05% | 7.04% |
| 5 | 15 Years | Cumu. | NA | 7.05% |
Power Finance NCD Tranche I Allocation Ratio
| Category | Allocation |
| Institutional | -% |
| Non-Institutional | -% |
| HNI | -% |
| Retail | -% |
Power Finance NCD Tranche I January 2026 Lead Manager
- Nuvama Wealth Management Ltd.
- A.K.Capital Services Ltd.
- Tipsons Consultancy Services Pvt. Ltd.
- Trust Investment Advisors Pvt. Ltd.
Power Finance NCD Tranche I January 2026 Allotment Status
- Power Finance NCD Tranche I issue allotment available on KfinTech.
Power Finance NCD Tranche I January 2026 Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ipostatus.kfintech.com/
Company Information
Power Finance Corporation Limited
“Urjanidhi”,
1, Barakhamba Lane,
Connaught Place
New Delhi, New Delhi, 110001
Phone: +91 11 2345 6787
Email: [email protected]
Website: https://www.pfcindia.co.in/
