PFC signs MoU with Ministry of Power for FY1920

Sarkaritel
By Sarkaritel June 7, 2019 10:36

PFC signs MoU with Ministry of Power for FY1920


New Delhi, June 07 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 2019-20.

The MoU has been signed by Ajay Kumar Bhalla, Secretary (Power), Govt. of India and Shri Rajeev Sharma, CMD, PFC in presence of various senior officials of MOP and PFC. The MoU contains various parameters relating to financial viz., Revenue from operations, Operating Profit as percentage of Revenue from Operation. PAT a % of Average Networth and Non-financial parameters viz., Human Resource management and IPDS-related parameters.

Sarkaritel
By Sarkaritel June 7, 2019 10:36