Government of India has recently received Rs. 1182.63 crore as an interim dividend from Power Finance Corporation (PFC). PFC is a Navratna Central Public Sector Enterprise under the Ministry of Power and India’s leading NBFC for the Power Sector.
The interim dividend RTGS intimation bank advice was presented to R. K. Singh, Minister of State (Independent Charge) Power and New & Renewable Energy & Minister of State for Skill Development and Entrepreneurship by Ravinder Singh Dhillon, CMD, PFC in the presence of Alok Kumar, Secretary (Power), Ashish Upadhyaya, Additional Secretary (Power) & FA, Government of India, P. K. Singh, Director (Commercial) PFC and Parminder Chopra, Director (Finance) PFC.
The interim dividend for FY2020-21at the rate of Rs 8/- per equity share of face value of Rs 10 each was declared by the Board of Directors of PFC in its meeting held on 12th March 2021. PFC is the most preferred Financial Institution; providing affordable and competitive products and services with efficient and internationally integrated sourcing and servicing, partnering the reforms in the Indian Power Sector and enhancing value to its stakeholders; by promoting efficient investments in the power and allied sectors in India and abroad. Contextually, PFC successfully raised USD 500 million on 29.01.2020 through the issuance of USD denominated Bonds under ‘Reg S route’ with a fixed maturity of 16.05.2031.