NEWS

Additional 106300 Vials Of Amphotericin- B Allocated To States/UTs : D.V. Sadananda Gowda

Union Minister for Chemicals and Fertilizers D.V. Sadananda Gowda announced via Twitter that to ensure significant availability of Liposomal  Amphotricin…

NTPC Invites EoI For Hydrogen Fuel Cell Based Pilot Projects

NTPC, India’s largest integrated power generating PSU, under Ministry of Power, has floated a global Expression of Interest (EOI) to…

#PrivatizationNoSolution Tweet Over 6 Lakh Bank Officials And Employees

Again today, 6.30 lakhs of tweet were done by bankers and people from all walks of of the society to…

850 Oxygen Plants Being Set Up In Various Districts Of The Country: Secretary DRDO

A total of 850 oxygen plants are being set up in various districts of the country from PM Cares Fund…

Oxygen Expresses Deliver More Than 30455 MT Of LMO To The Nation

Indian Railways is continuing its journey of bringing relief by delivering Liquid Medical Oxygen(LMO) to various states across the country.…

NHPC Signs MoU With Bihar State Hydroelectric Power Corporation (BSHPC)

A Memorandum of Understanding (MoU) has been signed between NHPC Limited and Bihar State Hydroelectric Power Corporation Limited (BSHPC) for…

Bharat Biotech Justifies Pricing Of COVAXIN®

Bharat Biotech hereby communicates the following message regarding pricing of COVAXIN® for Central Government, State Governments, and Private Hospitals, we…

Highest Annual Profit after tax ( PAT ) of Rs.8,444 cr. a) 49% jump in Standalone Profit After Tax from FY ’20 . PAT at Rs.8,444 cr. for FY’21. Vs Rs.5,655 cr. in FY ’20 b) 28% increase in Net Interest Income from FY’20 – Net Interest Income at Rs. 12,951 cr. for FY’21 vs.Rs.10,097 cr. in FY ’20 c) Dividend of Rs.2 declared per share. Thus, in FY 21, PFC has given a total dividend of Rs. 10 per share i.e. 100%. d) Aided by profit growth, PFC’s net worth for FY 21 is up by 16% to Rs.52,393 cr. and has crossed the fifty thousand mark. e) 25% Stressed Book Resolved in FY 21: f) Gross NPA ratio saw a sharp reduction of 238 bps from FY’20. The current GNPA ratio is at 5.70% against 8.08% inFY’20. g) Lowest Net NPA levels in past 4 years. Net NPA ratio saw a sharp reduction of 171 bps from FY’20. The current Net NPA ratio is at 2.09% against 3.80% in FY’20. h) The Capital Adequacy Ratio of the Company has also improved sequentially to 18.83% as on 31st March 2021. The capital adequacy is at a comfortable level with sufficient cushion over & above the prescribed regulatory limits. FY’21 Vs FY’20 a) 66% increase in consolidated Profit After Tax from FY’20 – PAT at Rs. 15,716 cr. for FY’21 vs. Rs.9,477cr. for FY’20. b) Loan Asset book grows at 12% – Loan asset book for FY 21 at Rs.7, 45, 189 cr. vs. Rs.6,67,330 cr. in FY’20 c) Reduction in consolidated net NPA ratio to 1.91% in FY 21 from 3.57% in FY’20 due to resolution of stressed assets. d) Reduction in consolidated Gross NPA ratio to 5.29% in FY 21 from 7.36% in FY’20 due to resolution of stressed assets. e) Liquidity support to Discoms under Aatma Nirbhar Bharat Abhiyaan Under the Aatma Nirbhar Discoms liquidity support announced by the GOI, PFC & its subsidiary REC combined together, have so far sanctioned Rs.1,34,782 cr. and disbursed Rs.78,855 cr. PFC’s CMD R.S. Dhillon appreciated that FY 21 results are noteworthy. The impressive performance in FY 21 as is evident from the highest ever profit, underlines the inherent strengths of PFC in handling adverse economic events.

Power Grid Corporation of India Limited (POWERGRID), central PSU under Ministry of Power as part of its Corporate Social Responsibility…

PFC Logs Highest Ever Net Profit Of Rs 8,444 Crores For FY 21, Up 49% On Y-o-Y Basis

Highest Annual Profit after tax ( PAT ) of Rs.8,444 cr. a) 49% jump in Standalone Profit After Tax from…

Shipping Ministry & Civil Aviation Ministry Sign MoU For Development Of Sea Plane Services In India

A Memorandum of Understanding (MoU) between the Ministry of Ports, Shipping and Waterways, Government of India and Ministry of Civil…