PFC pays highest-ever interim dividend of Rs 2,033 crores to Govt for FY'24

New Delhi: Power Finance Corporation Limited (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.

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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 RK Singh and Secretary, Ministry of Power Pankaj Agarwal, by PFC CMD Parminder Chopra in New Delhi on April 3. PFC Director (Projects) Rajiv Ranjan Jha and PFC Director (Commercial) Manoj Sharma were also present on the occasion.

The third interim dividend @ 30% i.e. Rs 3 per equity share of face value of Rs 10 each was declared by the Board of Directors in the Board meeting held on March 11.

With this, the total interim dividends paid by PFC to its shareholders for the financial year 2023-24 becomes Rs 3,630 crores, @110 percent 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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