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PFC pays interim dividend of Rs 2033 cr to Govt for 2023-24 fiscal

By IndianMandarins- 04 Apr 2024


New Delhi (04.04.2024): Power Finance Corporation Ltd (PFC) has paid Rs 554 crore to Government of India as the third Interim Dividend on equity shares held by the Government for the financial year 2023-24. This is in addition to Rs 832 crore and Rs 647 crore paid as first and second interim dividend, respectively.
The interim dividend RTGS (Real Time Gross Settlement) intimation advice was presented to R K Singh, Minister (Power, New & Renewable Energy) and Pankaj Agarwal, Secretary, Ministry of Power by Parminder Chopra, CMD, PFC in the presence of Rajiv Ranjan Jha, Director (Projects) and Manoj Sharma, Director (Commercial), PFC.
The third interim dividend @ 30 per cent i.e. Rs 3 per equity share of face value Rs 10 each was declared by the Board of Directors in its meeting held on March 11, 2024. With this, PFC has so far paid interim dividends amounting to Rs 3630 crore to its shareholders @110 per cent i.e. Rs 11 per equity share of the face value of Rs 10 each for the financial year 2023-24, which is the highest ever interim dividend paid by PFC.

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