PFC to disburse Rs 44K cr loans in FY'16

State-owned lender Power Finance Corporation plans to disburse over Rs 44,000 crore loans during the current financial year (2015-16).
PFC today signed an MoU with the Ministry of Power for the financial year 2015-16.
As per the pact, the company will disburse loans worth Rs 44,440 crore during the current fiscal.
Target of gross NPAs (non-performing assets) as percentage of loan assets has been kept as 1 per cent.
PFC, reported 4.83 per cent rise in net profit at Rs 1,541.73 crore for the third quarter ended December 31, 2014-15, mainly on account of increase in income from operations.
It had reported net profit of Rs 1,534.31 crore in the October-December period of 2013-14 fiscal.

PFC is engaged in funding of various power projects in generation, transmission, and distribution sectors.
The company's scrip closed at Rs 281.75, up 3.3 per cent, on the BSE.