Economy

Centre sets ₹36,000-cr revenue target for PFC in FY21

Our Bureau New Delhi | Updated on September 29, 2020 Published on September 29, 2020

Power Finance Corporation Ltd (PFC) has signed its annual performance-based Memorandum of Understanding (MoU) with the Ministry of Power.

The agreement detailed various targets to be achieved by PFC during fiscal 2020-21.

The Centre has set a revenue target of ₹36,000 crore along with various performance-related parameters such as operating profit as percentage of revenue from operation, profit after tax as a percentage of average net worth and non-financial parameters such as the Integrated Power Development Scheme-related parameters.

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Published on September 29, 2020
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