New Delhi: Power Finance Corporation Limited (PFC) on February 6, 2026, announced that its Board of Directors has approved the withdrawal of its nominee director from the Board of PTC India Limited (PTC). The Board also cleared the relinquishment of all promoter rights held by PFC under PTC’s Articles of Association, subject to regulatory and statutory compliance.
The decision was taken during a PFC Board meeting held in New Delhi, which commenced at 2:30 PM and concluded at 3:58 PM.
Move in Line with Ministry of Power Guidelines
The Board’s decision follows an Office Memorandum dated January 16, 2026, issued by the Ministry of Power (MoP), Government of India. The memorandum signaled a strategic realignment of PFC’s role in PTC India, prompting the PSU to review its board representation and promoter status.
This step reflects adherence to evolving governance norms and regulatory expectations within the power and energy sector.
Relinquishment of Promoter Rights
Along with the withdrawal of its nominee director, PFC will relinquish all promoter rights in PTC India Limited as defined in the company’s Articles of Association. The implementation of this decision will be carried out after meeting all applicable regulatory and statutory requirements.
The move reduces PFC’s direct influence in the management and governance of PTC, while maintaining its broader engagement with the power sector.
Impact on Power Sector Governance
PTC India Limited plays a vital role in India’s electricity trading ecosystem. PFC’s decision is seen as a step toward streamlined governance, enhanced transparency, and clearer role demarcation among public sector institutions.
Despite stepping back from a promoter role, PFC reiterated its continued commitment to financing and supporting India’s power sector development.
About Power Finance Corporation (PFC)
Power Finance Corporation Limited is a Maharatna PSU under the Ministry of Power and a leading non-banking financial company (NBFC) dedicated to funding India’s power and infrastructure projects. PFC plays a critical role in strengthening the country’s power generation, transmission, and distribution sectors.
About PTC India Limited
PTC India Limited is a pioneer and key player in India’s power trading market, facilitating electricity transactions and providing energy-related services across domestic and international markets. The company contributes significantly to ensuring power availability and market-based energy solutions in India.
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