Power Finance Corporation H1 PAT up 13%

Consistent with its higher volume of operations, Power Finance Corporation’s ‘Profit After Tax’ (PAT) is up 13 % to touch Rs. 1,353 crore for the half-year ended September, 10 as against Rs. 1,193 crore recorded in the same period last FY. Total income rose by 26% to reach a figure of Rs. 4,956  crore as against Rs. 3,939 crore of H1 FY11. While ‘Net Loan Assets’ increased  28 % from Rs. 68,661 crore to  Rs. 87,906 crore, Networth is up 15 % from Rs.11,920 crore to Rs.13,696 crore, during this period. Net NPAs, as a % Loan Assets, have been consistently maintained at 0.01%.

While sanctions rose 25% from Rs. 34,828 crore to Rs. 43,537 crore, Earning Per Share (EPS) has also gone up 13 % from Rs. 20.79 to Rs. 23.58 during this period.    

The major projects sanctioned during H1 FY11 include:

• 2X800 MW Coal Based TPP of APGENCO at Vodarevu in AP  Rs. 6,806 crores
• 700 MW Coal Based TPS Unit 3 At Bellary of KPCL in Karnataka  Rs. 3,081 crores
• 1X600 MW Ennore Annexe TPS  of TNEB in Tamilnadu    Rs. 2,509 crores
• 800 KV, 6000 MW Multi Terminal System Package of Power Grid Corporation of India Ltd in UP    Rs. 2,500 crores
• 3960 MW Coal Based UMPP of Coastal Andhra Power Limited at Krishnapatnam in AP      Rs. 2,000 crores