PFC Bag Receives SAFA Gold Award for Best Presenting Account/Annual Report

Power Finance Corporation Ltd. (PFC), a Maharatna CPSE and the country’s leading NBFC in the power sector, has been awarded the prestigious “Federation of South Asian Accountants”(SAFA)’ Gold Award WinnerBest Presented Account/Annual Report Award‘(EPS) FY 2020-21’public sector body‘category.

PFC Bag Receives SAFA Gold Award for Best Presenting Account/Annual Report

PFC received this coveted award for achieving the highest level of transparency in accounting practices and outstanding performance in the presentation and disclosure of high quality, relevant, reliable and objective financial statements in accordance with international frameworks.

The SAFA BPA Awards are considered the most prestigious awards in financial reporting across the South Asia region. This is the first time that an Indian company has received the ‘award’ since the award was established in 1997.gold‘ in category ‘public sector body“.
 
It is worth mentioning here that PFC has previously won the Excellence Award in Financial Reporting from the ‘Institute of Chartered Accountants of India’.public sector bodyCategory for fiscal year 2020-21. Based on the quality of financial reporting, ICAI selects a few entries from the annual Financial Reporting Excellence Award winners and sends them to SAFA, which this year includes PFC. PFC’s finances competed against entries from companies across South Asia and were ultimately declared the winner by a panel of judges.
 
Smt Parminder Chopra, Director (Finance), Shri. RK Malhotra, ED (Finance) and Shri. mode. Salim, GM (Finance), PFC received this prestigious award at a ceremony held in Kathmandu, Nepal on December 18, 2022.