Home ECONOMY Power Finance Corp’s loans touch Rs.60,000 crore

Power Finance Corp’s loans touch Rs.60,000 crore

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Mumbai, April 14:

The Power Finance Corporation, the state-run provider of finance for the Indian power sector, said it has surpassed its loan sanction targets marginally by Rs.5,000 crore to touch Rs.60,000 crore against a target of Rs.55,000 crore for the 2014-15 fiscal.

powerBesides the enormous loan target, the company had also aimed at a disbursement target of Rs.44,000 crore which was also over-achieved by Rs.300 crore.

“PFC achieved sanctions of approximately Rs.60,000 crore and disbursements of approximately Rs.44,300 crore,” the company said in a regulatory filing with the National Stock Exchange.

In the filing with the national bourse, the company said its loan assets during 2014-15 registered a growth of 15 percent at approximately Rs.218,000 crore compared to the loan assets during 2013-14. (IANS)