PFC for Rs 50,600 crore in loan, Rs 19,300 in disbursement in FY09

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New Delhi, Mar 28 (UNI) Country's prime lending agency for the power sector, PFC today said it targets a 83 per cent hike in sanctioning loans to Rs 50,600 crores and a 34 per cent increase in disbursement to Rs 19,300 crores for various projects across the country in FY09.

PFC today inked the performance-based Memorandum of Understanding (MoU) with the Ministry of Power for FY 2008-09 which was signed by Anil Razdan, Secretary Power, and PFC CMD V K Garg.

PFC envisages a gross margin stood at Rs 1,720 crores and return on net worth was at 13 per cent in addition to other sector-specific and enterprise-specific parameters for FY09.

The monitoring of achievements of MoU Targets will be reviewed by the Ministry of Power at Quarterly Performance Review Meetings.

PFC has been a MoU-signing Enterprise since 1993-94.

UNI RT PBB AS1927

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