September 29, 2020 6:14 PM

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PFC signs MoU with Ministry of Power detailing targets for FY 2020-21

Power Finance Corporation Limited, PFC has signed a performance-based Memorandum of Understanding, MoU with the Ministry of Power detailing various targets to be achieved by PFC during FY 2020-21. The MoU was signed by Power Secretary Sanjiv Nandan Sahai and CMD of PFC R.S. Dhillon in presence of senior officials of the Ministry of Power and PFC.<br />''<br />'' <br />''Government of India has set an ambitious revenue target of 36 thousand crore rupees along with various performance-related parameters such as Operating Profit as percentage of Revenue from Operation, PAT as a percentage of Average Net Worth and Non-financial parameters namely 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.<br />

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