India Infrastructure Finance Company Ltd (IIFCL) has paid an interim dividend of ₹ 282.54 crore to the Central government for the financial year 2014-15.

Santosh B Nayar, Chairman and Managing Director, IIFCL, handed over the dividend cheque for this amount to the Financial Services Secretary Hasmukh Adhia in the capital on Friday.

The interim dividend rate was 8 per cent. (Re 0.8 per equity share of Rs 10 each)

IIFCL, which is wholly-owned by the Central Government, provides long-term financial support to infrastructure projects in India.

For the nine months period ended December 31, 2014, IIFCL had recorded a net profit of ₹ 597 crore, a 59 per cent increase over the corresponding period last fiscal.

In the nine months period ended December 31, 2014, IIFCL’s gross sanctions stood at ₹ 10,527 crore, much higher than sanctions of ₹ 4,071 crore in same period last year.