As per the MoU, PFC would eye an ambitious revenue target of Rs 36,000 crore along with various performance-related parameters
New Delhi : State-run Power Finance Corporation (PFC) has set a revenue target of Rs 36,000 crore 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, a company statement said.
According to the statement, the MoU has been signed by Power Secretary Sanjiv Nandan Sahai and PFC CMD R S Dhillon.
As per the MoU, PFC 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).
Source : energy.economictimes
