Power Finance Corporation Ltd (PFC) has signed a performance-based ‘Memorandum of Understanding’ (MoU) with Ministry of Power, Government of India detailing various targets to be achieved by PFC during FY 2019-20.
The MoU has been signed by Ajay Kumar Bhalla, Secretary (Power), Government of India and Rajeev Sharma, CMD, PFC in presence of various senior officials of MOP and PFC. The MoU contains various parameters relating to financial viz., revenue from operations, operating profit as percentage of revenue from operation.
