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PFC signs MoU with Ministry of Power

30 Sep 2020 Evaluate

Power Finance Corporation (PFC) has 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, the company would eye an ambitious revenue target of Rs 36,000 crore along with various performance-related parameters such as operating profit as percentage of revenue from operation, PAT (profit after tax) as percentage of average net worth and non-financial parameters viz, IPDS-related parameters (Integrated Power Development Scheme).

PFC is central PSU under Ministry of Power and India's leading NBFC.

Peers
Company Name CMP
Power Finance Corpn. 325.25
REC 299.75
NHIT 168.00
Satin Creditcare Net 224.50
IFCI 64.02
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