Power Finance Corporation Ltd.

Power Finance Corporation (PFC) has achieved sanctions of approximately Rs 60,000 crore and disbursements of approximately Rs 44,300 crore. The target amounts in the MoU, and the actual amounts achieved by PFC, exclude sanctions and disbursements related to the Restructured Accelerated Power Development & Reforms Programme.

The company had inked a Memorandum of Understanding (MOU) with the Government of India for each Financial Year which includes performance targets for parameters such as the amount of sanctions, disbursements and other measures. The MoU signed by PFC for the Financial Year ended March 31, 2015, included a sanction target of Rs 55,000 crore and a disbursement target of Rs 44,000 crore in the Excellent' category.

PFC’s loan assets as on March 31, 2015 were approximately Rs 218,000 crore, which represented growth of approximately 15% over the previous year. For the year ended March 31, 2015, PFC paid an interim dividend equivalent to 85% on the face value of the equity shares.