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.
Boost your Banking Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams
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.
Important takeaways for all competitive exams:
- Chairman of Power Finance Corporation Ltd: Shri Ravinder Singh Dhillon.
- Minister of State (I/C) for Power: Raj Kumar Singh.
Find More News Related to Agreements