Power Finance Corporation Ltd. (PFC) announced its Audited
Annual Financial Results and Q4 results for Financial Year 2011-12 (FY12) on
22.05.2012
Profit
After Tax: PFC's PAT has increased to `3,032croresfor FY12 as compared to PAT of ` 2,620 croresfor FY11, thereby
registering an increase of 16 % on YoY basis.
Total
Income: Total Income for the FY12 has increased to `13,037 croresan increase of 28 % as
compared to previous financial year FY11.
Disbursements:
PFC's disbursement during FY12 increased to` 41,418 croresan increase of 21% over
corresponding figures of FY11.
Loan
Assets : Loan Assets at the end of FY12 increased to `1,30,072croresan increase of 31% over
the Loan Assets at the end of FY11.
Networth
:Networth at the end of FY12 increased to `19,493 croresan increase of 37 % over
the Networth at the end of FY11.
Recovery
Rate: PFC was able to maintain Recovery Rate for the principal
amount of more than 99% for the FY2011-12 also, to be precise the Recovery Rate
was 99.19%.
Return
on Avg. Networth: Return on Average Networth during FY12 is 18.00% as
compared to 19.68% for FY11.
2. OTHER ACHIEVEMENTS
PFC
established two new wholly owned subsidiaries namely PFC Green Energy Ltd. for
financing of Renewable Energy Projects and PFC Capital Advisory Services Ltd.
for providing Loan Syndication Services.
PFC
made Follow-on Public Offer for its Equity Shares during the Year 2011-12. The
FPO received over whelming response and was subscribed about 4.3 times despite
the tough market conditions.
For
achievement of MOU targets, PFC has been rated as Excellent for the Year
2010-11. For the similar achievement of MOU targets for the Year 2009-10, PFC
received ‘MOU Excellence Award’ from Hon’blePrime Minister of India.
PFC
during the Year 2011-12 mobilized `
126.19 croresthrough Long Term Infrastructure Bonds Issue. PFC also mobilised
about `
5000 croresthrough Tax Free Bonds out of which ` 4033 croreswere raised through Public
Issue.
PFC
during the Year 2011-12 sanctioned `
20.33 croresand disbursed `19.37
crorestowards CSR Projects.
3. MAJOR
LOANS SANCTIONED DURING THE YEAR 2011-12
Sl.No.
|
Name of the Project
|
Sanction Amount
|
1.
|
Shree Singaji Thermal Power Project of MP Power
Generating Company Ltd.
|
`4862 Crores
|
2.
|
Coal Based Thermal Power Project at Adilabad of
Singareni Collieries Company Limited
|
`3980 Crores
|
3.
|
Harduaganj Extension-II Thermal Power Project of Uttar
Pradesh RajyaVidyutUtpadan Nigam Ltd.
|
`3861 Crores
|
4.
|
Coal Based Thermal Power Project at Bhusawal of
Maharashtra State Power Generation Corporation Ltd.
|
`3435 Crores
|
5.
|
Coal Based Thermal Power Project at Barauni of Bihar
State Electricity Board
|
`2898 Crores
|
6.
|
DeenbandhuChhotu Ram Thermal Power Project at Yamuna
Nagar of Haryana Power Generation Corporation Ltd.
|
`2708Crores
|
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