Home India Power Finance Corporation eyes Rs 36,000 crore revenue in 2020-21
Power Finance Corporation eyes Rs 36,000 crore revenue in 2020-21

Power Finance Corporation eyes Rs 36,000 crore revenue in 2020-21

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As per the MoU, PFC would eye an ambitious revenue target of Rs 36,000 crore along with various performance-related parameters

New Delhi : State-run Power Finance Corporation (PFC) has set a revenue target of Rs 36,000 crore for the current financial year. PFC has signed a performance-based Memorandum of Understanding (MoU) with the Ministry of Power, detailing various targets to be achieved by it during 2020-21, a company statement said.

According to the statement, the MoU has been signed by Power Secretary Sanjiv Nandan Sahai and PFC CMD R S Dhillon.

As per the MoU, PFC would eye 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 (profit after tax) as percentage of average net worth and non-financial parameters viz, IPDS-related parameters (Integrated Power Development Scheme).

Source : energy.economictimes
Anand Gupta Editor - EQ Int'l Media Network
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