State-run Power Finance Corporation has paid an interim dividend of Rs 583.83 crore to the government.
'For the financial year 2012-13, PFC paid an all time high interim dividend of 60 per cent amounting to Rs 792 crore on its paid up equity share capital,' the company said in a statement. At present, the government holds 73.72 per cent stake in the company, which primarily lends to the power sector.
Power Finance Corporation Chairman and Managing Director Satnam Singh presented a cheque for the interim dividend of Rs 583.83 crore to Power Minister Jyotiraditya Scindia on 8 February. The company reported a net profit of Rs 3,125 crore in the first nine months of the 2012-13 financial year, an increase of 41 per cent compared to the year-ago period.
'For the financial year 2012-13, PFC paid an all time high interim dividend of 60 per cent amounting to Rs 792 crore on its paid up equity share capital,' the company said in a statement. At present, the government holds 73.72 per cent stake in the company, which primarily lends to the power sector.
Power Finance Corporation Chairman and Managing Director Satnam Singh presented a cheque for the interim dividend of Rs 583.83 crore to Power Minister Jyotiraditya Scindia on 8 February. The company reported a net profit of Rs 3,125 crore in the first nine months of the 2012-13 financial year, an increase of 41 per cent compared to the year-ago period.