Power Finance Corp to sanction Rs.55,000 cr loan this fiscal

01 Oct 2016 CW Staff

State-run Power Finance Corp is looking to sanction loans worth Rs 55,000 crore in the ongoing fiscal and aiming to earn 14.5 per cent return on net worth, as per a performance agreement with the Power Ministry. The key performance parameters under 麓Excellent麓 category for FY2016-17 include sanctions of Rs 55,000 crore (excluding transitional financing), return on net worth of 14.50 per cent and an operating profit (profit before tax excluding other Income, extraordinary and exceptional items) of Rs 8,130 crore in addition to other sector-specific and enterprise-specific parameters, etc.

Contact: Ministry of Power.

Website: www.powermin.nic.in/en

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