Last Date:31 Dec,2019
Power Finance Corporation (PFC)
Delhi
Power Finance Corporation (PFC) is inviting eligible candidates to apply online for 4 permanent posts of Junior Officer, Assistant Manager and Officer.Interested and Eligible Candidates may apply online by 31-12-2019 , after making sure that they meet the concerned eligibility criteria. All personal and educational details must be mentioned properly.
Employment Notification Junior Officer, Assistant Manager and Officer Vacancy – PFC,Delhi
JOB DETAILS:
Name of the post – Junior Officer, Assistant Manager and Officer
No of post – 04
Pay Scale – Rs.30,000-1,20,000/-,Rs.60,000-1,80,000/-,Rs.70,000-2,00,000/-
Educational Qualification:
Post Graduate Degree / Post Graduate Diploma / B.E. / B. Tech.
Apply to Junior Officer, Assistant Manager and Officer Vacancy – PFC,Delhi
General Condition:
- All qualifications should be from Universities/Institutions recognized and approved in India by AICTE/ UGC / appropriate statutory authority.
- Candidate belonging to Government/Semi-Government organization/PSUs shall normally send their application through proper channel. However, in the event of difficulty, they may send the application directly and they will have to produce NOC from their organization in case they are shortlisted for selection process.
- Incomplete applications or applications received late will be summarily rejected.
- All computations of age/minimum experience requirement/qualification shall be done w.r.t December 31, 2019. The date of declaration of result/issuance of mark sheet shall be deemed to be the date of acquiring the qualification and there shall be no relaxation on this account. Post qualification experience on a post/level shall be counted only from the date of assumption of charge.
- The mere fact that a candidate has submitted the application against the advertisement and apparently fulfilling criteria as prescribed in the advertisement would not bestow on him/her the right to be called for interview/considered for selection process.
- The total number of projected vacancies indicated in this advertisement may increase/ decrease/ be cancelled at the discretion of PFC Management, if need so arises, without any further notice and without assigning any reason thereof.
- Positions are advertised for PFC, postings can be at any of the Units/Projects/Regional Offices/JVs/Subsidiaries of PFC. All posts are transferable at the sole discretion of the Management.
- Single to and fro fare by shortest route as per the Corporation’s rules will be paid to outstation candidates called for interview on production of ticket/ proof of journey.
- The eligibility w.r.t. Nationality will be as per the existing policy of the Corporation. While applying for any post, the applicant should ensure that he/she fulfills the eligibility and other norms mentioned above, as on the specified dates and that the particulars furnished are correct in all respects. In case it is detected at any stage of recruitment that a candidate does not fulfill the eligibility norms and/or that he/she has furnished any incorrect /false information or has suppressed any material fact(s), his/her candidature will stand automatically cancelled. If any of the above shortcoming(s) is/are detected even after appointment, his/her services are liable to be terminated without any notice.
- Any legal proceeding in respect of any matter of claim or dispute arising out of this advertisement and/or any application in response thereto can be instituted only in Delhi and courts/ tribunals/ forums at Delhi only shall have sole and exclusive jurisdiction to try any such case/dispute.
- In case any ambiguity/dispute arises on account of interpretation in version other than English, English Version will prevail.
- A written test may be conducted in case the no.of shortlisted applications against above posts are large in number.
- No person shall be eligible for appointment who has previously been dismissed, removed or compulsory retired from the service of the corporation or from a department of a state or the central government or a local authority or from public sector undertaking or from an autonomous corporation. Further, the employees of the corporation who have resigned from the corporation’s service are also not eligible for reappointment.
- No person shall be eligible for appointment if he/she has been convicted in a Court of law for any offence involving moral turpitude.
- No candidate who has more than one spouse living or who having a spouse living contracts another marriage which is void by reason of its taking place during the lifetime of such spouse, shall be eligible for appointment to any of the posts in the corporation except where this may be permitted under the Central Govt. Rules for its employees.
- All the applicants are requested not to send hard copy of the application form or any documents to the corporation.
- Candidates are required to have a valid e-mail id which would be active till the completion of this recruitment process. Under no circumstances, a candidate should mention e-mail id of any other person.
- Candidates in their own interest are advised to apply & submit application promptly and not to wait till the last date/time for applying online. PFC shall not be responsible if candidates are not able to submit their applications on account of the last minute rush.
- Please retain print-out of application form for future references.
About Us:
Vacancy Notice Junior Officer, Assistant Manager and Officer Vacancy – PFC,Delhi
- Power Finance Corporation Ltd. (NSE: PFC, BSE: 532810) is an Indian financial institution. Established in 1986, it is the financial back bone of Indian Power Sector. PFC’s Net worth as on 30 September 2018 is INR 383 billion .PFC is the 8th highest profit making CPSE as per the Department of Public Enterprises Survey for FY 2017-18. PFC is India’s largest NBFC and also India’s largest Infrastructure Finance Company.
- Initially wholly owned by the Government of India, the company issued an Initial Public Offering in January, 2007. The issue was oversubscribed by over 76 times, which is one of the largest for an IPO of any Indian Company .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 28 March 2019 with PFC paying almost Rs. 14,500 Crs to the Govt. of India for the 52.63% stake.
- The Corporation is headed by the Chairman and Managing Director; who at present is Rajeev Sharma.The company has three wings, each headed by a Functional Director namely, Commercial Division, Projects Division and Finance & Financial Operations division. The Commercial Division looks after the credit appraisal and categorization of borrower entities, power sector reforms, review & analysis. The Projects Division controls the operation in various states and project appraisal. Finance s Division looks after the Fund Mobilization and Disbursement. PFC is a lean organization. The number of employees as on 31 March 2019 were around 500.
- The major part of PFC’s funds are raised through Rupee denominated bonds. PFC bonds enjoy the highest credit rating in the Indian market and in international markets, they are rated at par with the Indian Sovereign rating. It also borrows short term and long term from various banks and other Financial Institutions. It has also raised external commercial borrowings (ECB) through private placement in US market. PFC is one of the institutions eligible for raising funds through Capital Gain Tax bonds under section 54EC of the Income Tax Act, 1961.
- Over the last two-three years PFC has focused on diversifying its borrowing portfolio by raising funds from international markets. In November 2017, PFC launched its main Green Bond issue for US$400 million, which witnessed the tightest ever spread for any Indian Issuer for its maiden 10-year issue. In the first quarter of Financial year 2020, PFC has raised about US$1.3 billion from the international markets. Out of this US$1 billion was raised in June 2019, which was the first dual and largest USD bonds transaction for Govt owned Indian NBFC. This was also PFC’s first borrowing from the international markets after the successful acquisition of REC Limited.
- In 2017, PFC was granted approval by Ministry of Finance, Govt. of India, to raise funds under section 54EC of the Income Tax Act 1961. PFC was the first company to obtain such an approval post the budget announcement in February 2017. PFC has raised more than Rs. 1,000 Crs under these bonds since their launch in 2017.
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