New Delhi: Manoj Sharma assumed charge as Director (Commercial) at Power Finance Corporation (PFC) Ltd, a Maharatna CPSE company and India's leading power sector-focussed non-banking financial firm on Monday. Sharma is a chartered accountant with a degree in law (LLB). The Appointments Committee of the Cabinet (ACC) had cleared his appointment on August 27.

Manoj Sharma joined PFC in 1990 and was working as Executive Director (In-charge) of the Commercial Division before assuming charge as Director (Commercial), PFC. He has more than 30 years of experience in the power sector. In PFC, he has handled multiple areas & domains including institutional appraisal & development, entity appraisal, legal & documentation, taxation, budget, audit, preparation of financial statements, financial analysis, resource mobilization, debt syndication and consultancy assignments on financial/commercial aspects in the power sector.

During the last 3 decades, he has been associated with the entire spectrum of PFC's loan assets, covering the formulation of lending policies, putting in place a policy framework to guide appraisal with a structured format for financial analysis, compliance with applicable regulatory and statutory frameworks, monitoring conditions, facilitating disbursement, resolution mechanism for stressed accounts, etc.

The new Director (Commercial) is also the Chairman of PFC Projects Limited and Jharkhand Infrapower Limited.

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