PFC pays interim dividend of Rs 583.83 crore to government

NEW DELHI: State-run Power Finance Corp 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.

PFC Chairman and Managing Director Satnam Singh presented a cheque for the interim dividend of Rs 583.83 crore to Power Minister Jyotiraditya Scindia on February 8.

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 three months ended December 2012, the company posted a net profit of Rs 1,117 crore as against Rs 1,108 crore in the same period a year ago.

Total income from operations climbed to Rs 4,465.37 crore in the third quarter of current fiscal. In the year-ago period, it stood at Rs 3,282.35 crore.