Power Finance Corporation (PFC), on Monday, said it has registered a 16 per cent increase in net profit for the year ended March 31, 2012, at Rs.3,032 crore against Rs.2,620 crore in the previous year.
Total income, too, has shown a growth of 28 per cent at Rs.13,037 crore. Loan assets increased by 31 per cent to Rs.1,30,072 crore.
Officials said PFC had also established two new wholly-owned subsidiaries — PFC Green Energy Limited for financing of renewable energy projects and PFC Capital Advisory Services Limited for providing loan syndication services. PFC has managed to mobilise Rs.126.19 crore through the issue of long-term infrastructure bonds and about Rs.5,000 crore through tax-free bonds.
Keywords: Power Finance Corporation