PFC signs MoU with Min of Power

    New Delhi (NVI): Power Finance Corporation Ltd (PFC) today signed a performance-based ‘Memorandum of Understanding’ (MoU) with Ministry of Power, detailing various targets to be achieved by PFC during the Fiscal Year 2020-21.

    The MoU has been signed by Sanjiv Nandan Sahai, Secretary (Power), and R.S. Dhillon, CMD, PFC, in presence of senior officials of MOP and PFC.

    Centre has set an ambitious revenue target of Rs 36,000 crore along with various performance-related parameters such as Operating Profit as percentage of Revenue from Operation, PAT as a percentage of Average Networth and Non-financial parameters viz., IPDS-related parameters.

    PFC has been delivering exemplary performance from the past years and the ratings from the Government of India stands testimony to the performance.

    -CHK