New Delhi: India's leading Public Sector undertaking, The Power Finance Corporation Ltd (PFC) has won the prestigious South Asian Federation of Accountants (SAFA) Gold Award.
The Maharatna CPSE, Power Finance Corporation was bestowed with this honour for Best Presented Accounts/ Annual Report Awards (BPA) in ‘Public Sector Entities’ category for the Financial Year 2021-22.
PFC Chairperson and Managing Director Parminder Chopra received this Award at an Award Distribution Ceremony in Ghaziabad.
Among others in attendance at the Ceremony were Sandeep Kumar, ED (Finance), R K Malhotra, ED (Finance) and Mohd Salim, SGM (Finance).
Under the prolific and dynamic leadership of CMD Parminder Chopra, PFC continues to shine, expand and strengthen its business portfolio at the global level.
PFC has bagged this coveted Award for its highest level of transparency in accounting practices and for achieving excellence in presenting and disclosing high-quality, relevant, reliable and objective financial statements following the international framework, reports Dynamite News correspondent.
The SAFA BPA Award is considered South Asia's most prestigious financial reporting accolade.
SAFA was formed in 1984 to serve the accountancy profession in the South Asian Region and uphold its eminence in the world of accountancy. It represents the Eleven Professional Accountancy bodies in Afghanistan, Bangladesh, India, Nepal, Pakistan, Sri Lanka and Maldives.
It may be mentioned that PFC had earlier won the ICAI (Institute of Chartered Accountants of India) Gold Award for excellence in financial reporting in the ‘Public Sector Entities’ category for the Financial Year 2021-22.
