PFC signs MoU with government, targets Rs 360 billion in revenues in 2020-21

Power Finance Corporation (PFC) has set a revenue target of Rs 360 billion for the current financial year.

PFC has signed a performance-based memorandum of understanding (MoU) with the Ministry of Power, detailing various targets to be achieved by it during 2020-21. As per the MoU, PFC has an ambitious revenue target of Rs 360 billion along with various performance-related parameters such as operating profit as percentage of revenue from operation, profit after tax (PAT) as percentage of average net worth and non-financial parameters via, Integrated Power Development Scheme -related parameters (IPDS).

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