SKOCH Economics Award

Ravinder Singh Dhillon

Chairman & Managing Director , Power Finance
Corporation (PFC)

Ravinder Singh Dhillon

Chairman & Managing Director, Power Finance Corporation (PFC)

Leading from the front with 3-pronged strategy, involving assessment growth through diversification, reduction in borrowing cost and strengthening of internal systems to improve asset quality, Ravinder Singh Dhillon’s has steered the Power Finance Corporation to attain the status of Maharatna from Navratna earlier. It was due to his efforts leading to liquidity infusion to Discoms during Covid that maintained the power sector value chain, averting the crisis.

He has played a pivotal role in growing PFCs RE loan book, registering a 5-year CAGR of 46%. India’s first RE integrated pumped storage project was spearheaded by him that saw PFC’s RE portfolio crossing 15,000 MW milestone. PFC also raised EUR 300 million in Green Bonds and mobilised Rs 4,429 cr through domestic bonds, under his leadership. During last 6 years, PFC has reported lowest ever net NPA of 1.31%, down from 7.39% in 2019.

L to R: Mr Ravinder Singh Dhillon CMD, Power Finance Corporation (PFC), Sameer Kochhar, Chairman, SKOCH Group; Bibek Debroy,Chairman EAC-PM

SKOCH Economics Award for Power Sector Reforms

SKOCH Award, independently instituted in 2003, is India’s honest civilian honour conferred by an independent organisation as a third party assessment. It is the only award in the country that is based on feltneeds assessment and outcome evaluation based on evidence. It therefore, recognises people, projects and institutions that go the extra mile to make India a better nation.

SKOCH Award covers the best of efforts in the area of digital, financial and social inclusion. It encompasses the best of governance, inclusive growth, excellence in technology and applications, change management, corporate leadership, corporate governance, citizen service delivery, capacity building, empowerment and other such softer issues that get normally lost in the glamour and glitz of industry sponsored or advertising focused jamborees.

The SKOCH Award not only acknowledges exceptional achievers – organisations and individuals – but also spurs institutional guidance and best practices in the industry.

Acceptance Speech, Mr Ravinder Singh Dhillon CMD, Power Finance Corporation (PFC)


Newspaper Features

© Copyright 2022, All Rights Reserved  |  Skoch Consultancy Services Pvt Ltd