PFC India Careers: Power Finance Corporation Limited

Power Finance Corporation is an Indian financial institution. Established in 1986, it is the financial backbone of Indian Power Sector. PFC is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It is also an ISO 9001:2000 certified company and enjoys the status of Navratna Company in India. On 6 December 2018, the Government of India approved PFC’s takeover of REC. The acquisition transaction was completed on 28th March 2019 with PFC paying almost Rs. 14,500 Cr. to the Govt. of India for the 52.63% stake.

Power Finance Corporation Subsidiaries

Power Finance Corporation presently has ten subsidiary companies.

  • PFC Consulting Ltd. (PFCCL) is a wholly-owned subsidiary handling fee-based services
  • Orissa Integrated Power Limited
  • Coastal Karnataka Power Limited
  • Tamil Nadu Power Limited
  • Coastal Maharashtra Power Limited
  • Jharkhand InfraPower Limited
  • Akaltara Power Limited
  • Chattisgarh Surguja Power Limited
  • Sakhigopal Integrated Power Company Limited
  • Ghogharpalli Integrated Power Company Limited
  • Tatiya Andhra Mega Power Limited
  • Odisha Infrapower Limited
  • Cheyyur Infra Limited
  • Deoghar Infra Limited
  • Bihar Infrapower Limited
  • Bihar Mega Power Limited
  • Deoghar Mega Power Limited

Joint Ventures of Power Finance Corporation

  • National Power Exchange Limited
  • Energy Efficiency Services Limited

These above are SPVs (Shell Companies) created for implementing the flagship Ultra Mega Power Projects. After purchase of the entire holding of Govt of India in Rural Electrification Corporation Limited(REC) in FY 2018-19, REC has now become a subsidiary of PFC. PFC is also the nodal agency for the implementation of the ambitious Ultra Mega Power Plants (UMPPs) and the R-APDRP programme of Govt. of India. The company also has the mechanism of rating different state Power Utilities on its performance.

PFC is also one of the promoters in Energy Efficiency Services Limited (EESL), with NTPC, Powergrid and REC being the other promoters. EESL is currently implementing of world’s largest energy efficiency portfolio and has been instrumental in energy savings of more than 50 billion kWh/year and estimated GHG reduction of more than 40 million tonne CO2/year.

Power Finance Corporation Recruitment*:

Every year PFCL recruits candidates for various posts and offers PFC jobs. Basic information of the vacancies has been mentioned below

1. Technical Coordinator:

Qualifications:

B.E./ B. Tech/Diploma (Three years) in Mechanical/Electrical/Electronic Engineering with minimum 60% marks.

Experience:

Total Post Qualification experience in Power Sector in relevant area viz. Technical/Project monitoring/Project execution: -Minimum 5(Five)years’ experience in case of Diploma holder OR Minimum 3(Three) years’ experience in case of Degree holder.

Age limit:

The upper age limit is 40 years and special relaxation is provided to various category students.

  • Maximum age limit is relaxable by 5 years for SC & ST.
  • OBC-NCL: Maximum age limit is relatable by 3 years
  • PwBD of General: Maximum age limit is relatable by 10 years.
  • Maximum age limit is relatable by 13 years for PwBD of OBC-NCL and 15 years for PwBD of SC/ST candidates, as applicable.
  • However, in no case, the age shall exceed 58 years even after all relaxations/concessions applicable.
Emoluments and Benefits:
S.No. Post qualification Experience Emoluments
1. 3-5 years ₹ 55,000/-
2. Above 5 years ₹62,000/-

 

  • The reimbursement towards monthly rentals of mobile and data card for internet and call charges shall be done based on extant rules.
  • TA/ DA for official travel related to work will be paid as per extant rules.
  • Leave: For leaves taken otherwise, pro-rata deduction from monthly emoluments for the period of absence shall be done.
  • Work requires round the clock engagement.
  • Other statutory benefits shall be regulated as per the relevant

2. Technical Consultant

 

S.No. Position Qualifications Experience
1. consultant (Urban Vidyut Abhiyanta) (UVA) B.E./ B.Tech. (Electrical/Electronics/IT/CS) Exposure in power distribution and more than 3 years post qualification experience in IT implementation/project management.
2. Consultant Technical-I B.E./ B.Tech. (Electrical/Electronics/IT/CS) Exposure in power distribution and more than 5 years post qualification experience in IT implementation/project management.
3. Consultant Technical-II B.E./ B.Tech.(IT/CS)/MCA More than 2 years post qualification experience in web application development using Microsoft Visual Studio, ASP.NET 4.0/4.5, MVC, jQuery, HTML5, CSS3, JSON, XML
Desirable: Experience in developing applications using AngularJS, Bootstrap
Age limit:

The upper age limit is 44 years with special relaxation to various category students.

  • Maximum age limit is relaxable by 5 years for SC & ST.
  • OBC-NCL: Maximum age limit is relatable by 3 years
  • PwBD of General: Maximum age limit is relatable by 10 years.
  • Maximum age limit is relatable by 13 years for PwBD of OBC-NCL and 15 years for PwBD of SC/ST candidates, as applicable.
  • However, in no case the age shall exceed 58 years even after all relaxations/concessions applicable.
Period of Contract:

This is purely contractual assignment for temporary requirement. Period of contract shall be initially for maximum two years and shall be extendable by six months on each occasion, but in any case it shall not exceed four years under the same contract. Contract shall be terminated by giving a notice of 30 days by either party without assigning any reason, thereof.

Place of Posting

Anywhere in India at Headquarters of Discoms/Power Departments (Northern Region, Western Region, Southern Region and Eastern & North Eastern Region), PFC offices. Region-wise preference may be filled up in the application form.

Emoluments and benefits
S.No. Post qualification Experience Emoluments
1. 1-5 years ₹ 61,000/-
2. Above 5 years ₹68,000/-

 

  • The expenditure for local travel for official purposes shall be reimbursed as per extant rules.
  • Reimbursement towards monthly rentals of mobile and data card for internet and call charges shall be done based on extant rules.
  • TA/ DA for official travel related to work will be paid as per extant rules.
  • Leave: For leaves taken otherwise, pro-rata deduction from monthly emoluments for the period of absence shall be done.
  • Work requires round the clock engagement.
  • Other statutory benefits shall be regulated as per the relevant Act

Conclusion

For all the candidates who are interested in applying for Power Finance Corporation Limited, the article provides all the basic information one must know. If you have any more queries or issues you can write to us and we will make sure to answer all your doubts.

 

* Note: This is not a job notification and should be treated or quoted as the same. The purpose of this article is to give the aspirants a detailed knowledge about the organization, the various job profiles and the procedure of recruitment. Job notifications are posted separately on our blog as and when they are published by the issuing authority.

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