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New Delhi: State-run Power Finance Corp. Ltd (PFC) has so far paid an interim dividend of ₹2,033 crore for FY24.
A company statement said that on Wednesday it paid ₹554 crore to the government as the third interim dividend on equity shares held by the Union government for the recently ended fiscal. This is in addition to ₹832 crore and ₹647 crore paid as first and second interim dividend, respectively, to the government.
The third interim dividend at 30%— ₹3 per equity share of face value ₹10 each—was declared by the board of directors in its meeting held on 11 March 2024.
“With this, PFC has so far paid interim dividends amounting to ₹3,630 crore to its shareholders @110% i.e. ₹11 per equity share of the face value of ₹10 each for the financial year 2023-24, which is the highest ever interim dividend paid by PFC,” the statement said.
For the third quarter of FY24, the power sector focussed NBFC reported a 5.3% increase in its consolidated net profit at ₹6,628.17 crore.
Its revenue from operations during the quarter under review stood at ₹22,391.00 crore.
PFC has of late diversified into newer areas like infrastructure and airport financing apart from giving a boost to both thermal and renewable energy generation.
In February, the state-run company signed a memorandum of understanding (MoU) with the Goa government to fund the state’s green energy ambitions through a blended finance facility.
Under the MoU, PFC will provide financial support for Goa’s pivotal climate-related projects. These include initiatives in renewable energy, green hydrogen, electric vehicles, converting waste to wealth, and nature-based solutions, all contributing to an energy transition.
In October, the company forayed into airport projects and sanctioned its maiden financing for a greenfield airport project in Andhra Pradesh.
Its shares on the BSE closed at ₹417.30 on Wednesday, up 2.39% from its previous close.
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Published: 03 Apr 2024, 10:06 PM IST
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