PFC signs MoU with MoP for 2023-24 and 2024-25

Power Finance Corporation Limited (PFC) has signed an memorandum of understanding (MoU) with the Ministry of Power (MoP) for 2023-24 and 2024-25 as per the Department of Public Enterprises’ (DPE) performance evaluation system. The DPE employs a MoU performance assessment system to establish annual benchmarks for central public sector enterprises (CPSEs) across different financial and operational metrics. The overall performance of CPSEs is then assessed based on their achievement against these MoU targets. Notably, PFC has received the highest rating of “Excellent” for the last two fiscal years, (2020-21 and 2021-22).