https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Power Finance Corporation Declares Record Dividend of ₹4,455 Crore for 2023-24

PFC’s impressive performance is underscored by its record profit after tax of ₹14,367 crore for the same financial year, reflecting the company's robust financial health and commitment to shareholder returns.
Indian Masterminds Stories

Power Finance Corporation (PFC), a Maharatna public sector undertaking, has announced a final dividend of ₹462 crore to the Government of India for the financial year 2023-24. In total, PFC distributed ₹825 crore in final dividends, which includes ₹363 crore allocated to other shareholders.

This marks the highest dividend ever paid by PFC in a financial year. For the entirety of 2023-24, the corporation paid out a remarkable ₹4,455 crore in dividends, with ₹2,495 crore—comprising the final dividend—going to the government, which holds a 55.99 percent shareholding in the company.

PFC’s impressive performance is underscored by its record profit after tax of ₹14,367 crore for the same financial year, reflecting the company’s robust financial health and commitment to shareholder returns.

The announcement has been well-received, highlighting PFC’s pivotal role in financing the power sector and its contribution to the government’s revenue.


Indian Masterminds Stories
Related Stories
NEWS
psuwatch_2024-11-21_23wnyu82_Bharat-Earth-Movers-Limited-Cover-Image
IPS Dr. Sajid Farid Shapoo Joins as Chief Vigilance Officer of BEML
Prasar Bharati OTT App
Prasar Bharati Launches OTT Platform 'WAVES' at 55th IFFI to Showcase Indian Culture with Global Appeal
Viksit Bharat
India Launches Viksit Bharat Young Leaders Dialogue to Empower Youth Leadership
psuwatch_import_wp-content_uploads_2022_12_Shreya-Bhardwaj-IOFS
IAS Sanjay Kumar Takes Additional Charge as Secretary of Higher Education
NHAI logo
NHAI To Enhance Project Monitoring with Drone Technology for Transparency and Efficiency
IAS Khilli Ram Meena
IAS Khilli Ram Meena Succeeds IAS Renu Sharma As Chief Secretary of Mizoram
IAS Chandrabhushan Kumar
IAS Chandra Bhushan Kumar Appointed New Chief Secretary of Andaman & Nicobar Islands
Closeup of word on wooden cube on wooden desk background concept - Fraud
Retired IFS Officer Duped of Rs 11.70 Lakh by Fraudulent Pension Officer
Videos
WhatsApp Image 2024-11-20 at 18.06
Hyderabad's Transformation From The City of Pearls to Cyberabad
IMG-20241118-WA0002
The Journey Behind Kathakar Ki Diary | Video Interview 
GP Singh
They Aren’t Criminals, But IPS Officers, Standing Up To Political Pressure
ADVERTISEMENT
Latest
psuwatch_2024-11-21_23wnyu82_Bharat-Earth-Movers-Limited-Cover-Image
IPS Dr. Sajid Farid Shapoo Joins as Chief Vigilance Officer of BEML
Prasar Bharati OTT App
Prasar Bharati Launches OTT Platform 'WAVES' at 55th IFFI to Showcase Indian Culture with Global Appeal
ADVERTISEMENT
Videos
WhatsApp Image 2024-11-20 at 18.06
IMG-20241118-WA0002
GP Singh
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT