13 August :At a simple ceremony held at the Ministry of Power today, a final dividend cheque for Rs.103 crore was presented to Shri Sushilkumar Shinde, Union Minister of Power by Shri Satnam Singh, Chairman & Managing Director, Power Finance Corporation Ltd. (PFC).
An interim dividend of Rs.257.63 crore (constituting 25% of the paid-up equity share capital) was paid to the Govt. of India earlier. PFC has, thus, paid a total amount of Rs.360.67 crore for the FY 2007-08. The total dividend pay-out constitutes 35% of the paid-up equity share capital held by Govt. of India.
The Corporation had joined the group of dividend-paying PSUs in the year 1993-94 by declaring a maiden dividend of Rs.10 crores. Since then PFC has been consistently paying dividends to the Govt. of India, year after year. PFC is today one of the highest dividend-paying PSUs under the Ministry of Power.