State-run Power Finance Corporation (PFC) has said that it would raise Rs 40,000 crore in the next financial year (2012-13).
“Our fund-raising target for fiscal 2012-13 is Rs 40,000 crore,” PFC Chairman and Managing Director, Mr Satnam Singh, told reporters here today.
The company, which provides financing to the power sector, had set a target of raising Rs 30,000 crore for this fiscal. It has raised Rs 28,000 crore so far.
PFC has set a target of disbursing Rs 35,000 crore during 2011-12 of which Rs 25,400 crore has been doled out. It plans to hike the disbursal target to Rs 40,000 crore in 2012-13.
“We will keep increasing this target in the coming financial year,” Mr Singh said.
PFC would disburse the Rs 10,000-crore loan signed with state-owned NTPC by the end of this fiscal. This loan agreement was signed in 2008-09. It has so far disbursed Rs 8,000 crore.
Minority partner
Meanwhile, the company is looking for an international partner for its subsidiary PFC Consulting with a view to expanding operations in the SAARC region.
“We are looking for a minority partner for our consultancy arm (PFC Consulting) and after we finalise the global firm ... we would list PFC Consulting,” Mr Singh said.
“We want to expand to SAARC countries ... the partner would help us do that,” he said, adding that it is the only way to expand.
Keywords: PFC, fund-raising, disbursal target
