PFC PAT for FY 08-09 up 12.3%

Consistent with its higher volume of operations, Power Finance Corporation’s (PFC) Net Profit rose by an impressive 12.3% to touch Rs 1355 crore for the FY 2008-09 as against Rs.1207 crore posted during FY 2007-08. While the loan sanctions of the Corporation touched Rs.57,030      crores against MoU Excellent Target of Rs. 50,600 crores and disbursements rose to Rs.21,054  crore against MoU Excellent Target of Rs.19,300 crores. Total Income of the Corporation rose to Rs. 6583 crores as against Rs.5029 crore recorded during FY 2007-08. The cumulative sanctions and disbursements reached a figure of over Rs. 2,33,978  crore and over Rs. 1,13,119 crore, respectively.

Some of the major loans sanctioned by PFC during the FY 2008-09 include; Chabra TPS, Rajasthan (RRVUNL), Rs. 1760 Crores; Obra “C”, UP (UPRVUNL) Rs. 3837 Crores; Koradi Extn TPS, Maharashtra (MSPGCL) Rs. 6512 Crores; Raghunathpur TPS, (DVC) Rs. 3355 Crores; Tiroda TPS, Maharashtra (Adani Power) Rs. 1000 Crores; Angul Captive TPP, Orissa (Jindal Steel & Power) Rs. 1300 Crores.