PFC signs MoU with Govt. of India detailing targets for FY 2020-21

Sarkaritel
By Sarkaritel September 29, 2020 15:13

PFC signs MoU with Govt. of India detailing targets for FY 2020-21


New Delhi, Sep 29 Power Finance Corporation Ltd (PFC) has signed a performance-based ‘Memorandum of Understanding’ (MoU) with Ministry of Power, Govt. of India detailing various targets to be achieved by PFC during FY 2020-21.

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

Govt. of India has set an ambitious revenue target of Rs. 36,000 Crs 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.

Sarkaritel
By Sarkaritel September 29, 2020 15:13