IFCI on Tuesday handed over a cheque of Rs 92.30 crore to the government towards dividend for the financial year 2012-13.
IFCI on Tuesday handed over a cheque of Rs 92.30 crore to the government towards dividend for the financial year 2012-13.
"S B Nayar, CEO & MD, IFCI Ltd handed over a cheque for Rs 92.30 crore to Finance Secretary, Rajiv Takru towards the dividend for the Financial Year 2012-13," IFCI said in a release.
This is the first dividend paid by the company to the government after the company became government controlled.
Government holds a 55.53 per cent stake in IFCI's paid-up equity.
The company had posted a net profit of Rs 497.36 crore in fiscal year 2012-13.
IFCI is a state-owned finance company that caters to the long-term finance needs of the industrial sector.
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