Team Blitz India
Power Finance Corporation (PFC), a maharatna public sector enterprise and the country’s leading NBFC in the power sector, has paid Rs 554 crore to the Government as the third interim dividend for 2023- 24. This is in addition to the first interim dividend of Rs 832 crore and the second interim dividend of Rs 647 crore paid by PFC to the Government earlier.
The interim dividend RTGS (real time gross settlement) intimation advice was presented to the Minister for Power and New & Renewable Energy R.K. Singh and Secretary, Ministry of Power, Pankaj Agarwal, by CMD, PFC, Parminder Chopra in New Delhi on April 3. The third interim dividend at the rate of 30 per cent i.e. Rs 3 per equity share of face value of Rs 10 each was declared by the Board of Directors at the board meeting held on March 11.
With this, the total interim dividend paid by PFC to its shareholders for 2023-24 becomes Rs 3,630 crore, at the rate of 110 per cent 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.
