IIFCL pays maiden interim dividend of Rs 221.13 cr to govt

IIFCL pays maiden interim dividend of Rs 221.13 cr to govt New Delhi: Infrastructure finance company IIFCL Monday paid maiden interim dividend of Rs 221.13 crore for 2012-13 to the government.

On standalone basis the company has posted a growth of 121 percent in its net profit at Rs 579.62 crore during first half ended September 30, 2012 as against Rs 262.33 crore in the same period during previous year, India Infrastructure Finance Company Ltd (IIFCL) said in a statement.

Total revenue of the wholly-owned company of the government grew by 28 percent during the period.

In the backdrop of slowdown in various infrastructure sectors, IIFCL continues to hold one of the highest quality of assets with a net NPA ratio of only 0.06 percent of infrastructure loan book at the end of September 30, 2012.

The dividend cheque was presented to Finance Minister P Chidambaram by Chairman and Managing Director S K Goel.

PTI