PFC Q4 profit declines 19.90 % at Rs 297.32 cr

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New Delhi, Apr 16 (UNI) Power Finance Corporation Ltd (PFC) today said it has registered a 19.90 per cent decline in its net profit at Rs 297.32 crore for the quarter ended March 31, 2008 as compared to Rs 371.22 crore for the corrresponding period a year ago.

Company's total income increased 10.37 per cent to Rs 1,366.73 crore from Rs 1,238.27 crore in the said period.

PFC posted a net profit of Rs 1,208.67 crore for the year ended March 31, 2008 as compared to Rs 986.13 crore for the same period last year, indicating a jump of 22.56 per cent.

Total income has increased 28.31 per cent to Rs 5,039.92 crore from Rs 3,927.65 crore in the said period.

While the loan sanctions of the Corporation touched an all-time high of Rs 69,498 crores representing an increase of over 123 per cent, disbursements recorded a rise of 15 per cent at Rs 16,211 crore compared to the FY07.

Some of the major loans sanctioned by PFC during the FY 2007-08 include Sikka TPS, Gujarat, 2x250 MW, Utran TPS of GSECL 370 MW, Kothagudem TPS of APGENCO 500 MW, Rayalseema TPS of APGENCO 210 MW, Ukai TPS 490 MW, Hissar TPS of HPGCL 2X600 MW and Krishnapatnam TPS 2X800 MW of APGENCO.

PFC had so far financially supported projects of over 70,000 MW and about 33,000 MW had been commissioned accounting for about 23 per cent of country's installed capacity.

UNI MP PBB GC1424

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