Power Finance Corporation ltd (PFC) announced its 9M FY15 recently. According to that, PFC’s profit after tax (PAT) has increased to Rs4,399 crore for 9M FY15 as compared to PAT of Rs4,006 crore for 9M FY14, thereby registering an increase of ten per cent while the total income has increased to Rs18,671 crore from Rs15,901 crore, an increase of 17 per cent. Net interest income (NII) during the term increased from Rs7,327 crore from Rs6,238 crore, an increase of 17 per cent whereas loan assets at the end increased from Rs1,77,529 crore to Rs2,05,211 crore, an increase of 16 per cent. The net worth at the end of 9M FY15 increased to Rs29,143 crore from Rs23,642 crore, an increase of 23 per cent.
Sanctions for the 9M FY15 has increased to Rs60,261 crore from Rs52,054 crore, an increase of 16 per cent. As on December 31, 2014, PFC’s capital adequacy ratio stood at 21.05 per cent. The 1,320 MW TPP of Tamil Nadu Generation and Distribution Corporation ltd will be sanctioned a loan of Rs7,669 and 660 MW TPS of UP Rajya Vidyut Utpadan Nigam ltd at Panki extention will be sanctioned a loan of Rs3,770. An amount of Rs3,178 will be sanctioned to 1,000 MW Hydro Electric Project of Chenab Valley Power Projects Private ltd while Rs3,008 will be given as regulatory asset loan to BSES Rajdhani Power ltd. One thousand MW TPP Of Neyveli lignite Corporation limited at Neyveli, Tamil Nadu, will be sanctioned Rs3,000.