"We will stick to our previous guidance and are hopeful that loan disbursements will be healthy in the current fiscal," PFC finance director R Nagarajan told PTI here.
The power finance firm, which posted around 17 percent growth in the loan sanctions in the first quarter of current fiscal, has witnessed a healthy 26 percent jump in advances during the second quarter.
"After a healthy loan growth in the second quarter, we expect the momentum to continue in the second half," he said.
PFC is also planning to disburse around Rs 35,000 crore of loan during this fiscal for which it aims to borrow around Rs 43,000 crore in this period.
Referring to regulatory concerns, Nagarajan said there were some positive actions in the regulatory front and we hope that all issues would be solved in time.
"Announcement of power tariff hike by Tamil Nadu government is a big positive in making state electricity boards viable. So as the tariff is raised by SEBs, the concerns relating to credit default by such entities will not arise," he said.
Nagarajan, however, said the coal linkage problem should be sorted out soon to avoid delays in execution.
Currently, financial institutions are worried about the advances extended to SEBs in Tamil Nadu, Rajasthan, Uttar Pradesh, Bihar, Haryana, Madhya Pradesh and Punjab, which according to the rating agency Crisil, are the most vulnerable utilities.
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