Saturday, July 2, 2022

PFC pays interim dividend of Rs 886.97 crore to Govt for FY 2021-22

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New Delhi: Maharatna Power PSU, Power Finance Corporation (PFC) has paid Rs 887 crore to the government as the third Interim dividend on equity shares held by the Government for the financial year 2021-22 on Friday. This is in addition to Rs 333 crore and Rs 370 crore paid as first and second interim dividends respectively to the government.

The interim dividend RTGS (Real Time Gross Settlement) intimation advice has been presented to Union Minister for Power, New & Renewable Energy RK Singh by PFC’s Chairman & Managing Director Ravinder Singh Dhillon in the presence of the Ministry of Power’s Secretary Alok Kumar (IAS) and other senior officials of Ministry of Power and PFC.

The third interim dividend @ 60 percent i.e. Rs 6 per equity share of face value Rs 10 each was declared by the Board of Directors in its meeting held on February 11, 2022.  With this, PFC has so far paid interim dividends amounting to Rs 2,838 crore to its shareholders @107.5 percent i.e. Rs 10.75 per equity share of the face value of Rs 10 each for the financial year 2021-22, which is the highest ever dividend paid by PFC.

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