PFC Pays Interim Dividend of Rs20.33 Bn

Highest-ever Interim Dividend to Government of India

Power Finance Corporation has paid Rs.554 crores to the Government of India as the third Interim Dividend for the financial year 2023-24

FinTech BizNews Service   

Mumbai, April 3, 2024: Power Finance Corporation Ltd. (PFC), a Maharatna Central Public Sector Enterprise and the country’s leading NBFC in the power sector, has paid Rs. 554 crores to the Government of India as the third Interim Dividend for the financial year 2023-24, on equity shares held by the Government of India. This is in addition to the first interim dividend of Rs. 832 crores and the second interim dividend of Rs. 647 crores paid by PFC to the Government of India earlier.

The interim dividend RTGS (Real Time Gross Settlement) intimation advice has been presented to the Union Minister for Power and New & Renewable Energy Shri R.K. Singh and Secretary, Ministry of Power Shri Pankaj Agarwal, by CMD, PFC, Smt. Parminder Chopra in New Delhi today, April 3, 2024. Director (Projects), PFC, Shri Rajiv Ranjan Jha and Director (Commercial), PFC, Shri Manoj Sharma were also present on the occasion.

The third interim dividend @ 30% i.e. Rs3 per equity share of face value of Rs. 10 each was declared by the Board of Directors in the Board meeting held on 11th March, 2024.

With this, the total interim dividends paid by PFC to its shareholders for the financial year 2023-24 becomes Rs. 3,630 crores, @110% i.e. Rs. 11 per equity share of the face value of Rs.10 each. This is the highest ever interim dividend paid by PFC.

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