State-run Power Finance Corporation (PFC) today said it would raise Rs 40,000 crore in

RELATED ARTICLES PFC FY12 net up 16% at Rs 3,032 cr

the next financial year (FY13).

"Our fund raising target for FY13 is Rs 40,000 crore," PFC Chairman and Managing Director Satnam Singh told reporters here.

The company, which provides financing to the power sector, had set a target of raising Rs 30,000 crore for this fiscal. It has has raised Rs 28,000 crore this fiscal so far.

PFC has set a target of disbursing Rs 35,000 crore during FY12 of which Rs 25,400 crore has been doled out. It plans to up the disbursal target to Rs 40,000 crore in FY13.

"We will keep increasing this target in the coming financial year," Singh said.

PFC would disburse the Rs 10,000 crore loan signed with state-owned NTPC by the end of this fiscal. This loan agreement was signed in FY09. It has so far disbursed Rs 8,000 crore.