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