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

Power Finance Corporation Ltd (PFC) has signed a performance-based Memorandum of Understanding (MoU) with Ministry of Power, Government of India detailing various targets to be achieved by PFC during Fiscal Year 2020-21.

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Government of India has set an ambitious revenue target of Rs. 36,000 Crores. This target has been set along with various performance-related parameters such as Operating Profit as percentage of Revenue from Operation, PAT as a percentage of Average Net-worth 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.

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