Power Finance Corp pays interim dividend of Rs 583 crore

Dividend at all time high of 60% of paid-up equity share capital

Power Finance Corporation Ltd (PFC), the state-owned power sector financing company, announced it has paid interim dividend of Rs 583 crore to the government for the current financial year ending March.

“For the financial year 2012-13, PFC paid an all time high interim dividend of 60% of its paid-up equity share capital of Rs 792 crore,” the company said in a statement.

The Union government holds 73.7% of the paid-up capital of PFC. The balance 26.2% is held by financial institutions and public.

The Public Sector Undertaking (PSU) had recorded a 41% jump in net profit at Rs 3,125 crore during the nine months ended December this financial year.