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New Delhi: Government-owned Power Finance Corporation (PFC) on Wednesday announced the appointment of Parminder Chopra as Director (Finance) of the company. She succeeds N B Gupta, who superannuated on Tuesday, June 30 2020.
Chopra was working as Executive Director (Finance) at Power Finance Corporation (PFC) before assuming charge as Director (Finance), PFC.
With over 32 years of experience, she specialises in handling core finance functions such as fund mobilisation, corporate accounts, banking and treasury, asset-liability management and stressed asset resolution.
Before joining PFC, she was associated with power sector organisations like NHPC and Power Grid Corporation 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 raise money at lower costs. She has also played a key role in launch of PFC’s maiden Green Bond issue and PFC’s first fund raising from US bond market under sec 144(a). She also assisted in PFC’s acquisition of 52.63% in REC Ltd and overcome challenges related to PFC’s capital adequacy levels and negotiations with various parties regarding PFC’s borrowing agreements and domestic and international credit rating.
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