PFC achieves MOU Targets of Financial Year 2014-15

Sarkaritel
By Sarkaritel April 14, 2015 10:24

PFC achieves MOU Targets of Financial Year 2014-15


PFC signs a Memorandum of Understanding (MOU) with the Government of India for each Financial Year which includes performance targets for parameters such as the amount of Sanctions, Disbursements and other measures.

The MoU signed by PFC for the Financial Year ended 31st March, 2015, included a sanction target of Rs.55,000 Crores and a disbursement target of Rs.44,000 Crores in the “Excellent” category. Against these MoU targets in the Excellent category, PFC achieved Sanctions of approximately Rs.60,000 Crores and Disbursements of approximately Rs.44,300 Crores. The target amounts in the MoU, and the actual amounts achieved by PFC, exclude Sanctions and Disbursements related to the Restructured Accelerated Power Development & Reforms Programme.

PFC’s loan assets as on 31st March 2015 were approximately Rs.2,18,000 Crores, which represented growth of approximately 15% over the previous year. For the year ended 31st March 2015, PFC paid an interim dividend equivalent to 85% on the face value of the equity shares.

Sarkaritel
By Sarkaritel April 14, 2015 10:24

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