State-run Power Finance Corporation has paid an interim dividend of Rs 583.83 crore to the Government.

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

At present, the Government holds 73.72 per cent stake in the company, which primarily lends to the power sector.

PFC Chairman and Managing Director Satnam Singh had presented a cheque for the interim dividend of Rs 583.83 crore to Power Minister Jyotiraditya Scindia on February 8.

The company reported a net profit of Rs 3,125 crore in the first nine months of the 2012-13 financial year, an increase of 41 per cent compared to the year-ago period.

For the three months ended December 31, 2012, the company posted a net profit of Rs 1,117 crore against Rs 1,108 crore in the same period a year ago.

Total income from operations climbed to Rs 4,465.37 crore in the third quarter of the current fiscal. In the year-ago period, it stood at Rs 3,282.35 crore.

(This article was published on February 10, 2013)
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