PFC pays a final dividend Rs 462 crore to Govt for FY'24 PSU Watch
News Updates

PFC pays a final dividend Rs 462 crore to Govt for FY'24

Power Finance Corporation (PFC) has paid a final dividend of Rs 462 crore to the Government of India for 2023-24

PSU Watch Bureau

New Delhi: Maharatna power PSU Power Finance Corporation (PFC) has paid a final dividend of Rs 462 crore to the Government of India for 2023-24, a statement said on Wednesday.

PFC paid Rs 462 crore to the government and Rs 363 crore to other shareholders, totalling Rs 825 crore as the final dividend for 2023-24, the company said.

PSU Watch is now on Whatsapp Channels. Click here to join

For 2023-24, PFC paid Rs 4,455 crore dividend, out of which Rs 2,495 crore, including the final dividend, was paid to the government against 55.99 per cent of shareholding.

This is the highest-ever dividend paid by PFC in any financial year.

During 2023-24, PFC earned its highest-ever profit after tax of Rs 14,367 crore.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Jasvinder Singh assumes charge as Director (Strategic Project) of HSL

CIL allocates 11.77 MT coal out of 30.55 MT in April via e-auction

Govt planning policy to push floating solar projects: MNRE Secretary

Auto LPG sales jump over 100% m-o-m in April as daily consumption doubles: Govt data

Anugraha Narayana Das (IDAS) takes charge as Controller General of Defence Accounts