PFC to disburse Rs 44K crore loans in FY`16
NEW DELHI . PFC on Wednesday signed an MoU with the Ministry of Power for the financial year 2015-16. As per the pact, the company will disburse loans worth Rs 44,440 crore during the current fiscal.
PFC on Wednesday signed an MoU with the Ministry of Power for the financial year 2015-16. As per the pact, the company will disburse loans worth Rs 44,440 crore during the current fiscal. Target of gross NPAs (non-performing assets) as percentage of loan assets has been kept as 1 percent. PFC, reported 4.83 percent rise in net profit at Rs 1,541.73 crore for the third quarter ended December 31, 2014-15, mainly on account of increase in income from operations. It had reported net profit of Rs 1,534.31 crore in the October-December period of 2013-14 fiscal. PFC is engaged in funding of various power projects in generation, transmission, and distribution sectors. The company`s scrip closed at Rs 281.75, up 3.3 percent, on the BSE. Money control.com
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
