Business Daily from THE HINDU group of publications
Friday, Dec 22, 2006

Cross Currency

Group Sites

Corporate - Dividend Announcement
Money & Banking - Financial Institutions
States - Kerala
Kerala Power Finance pays 20% dividend

Our Bureau

Thiruvananthapuram , Dec. 21

The Kerala Power Finance Corporation (KPFC) has paid 20 per cent dividend to the State Government and Kerala State Electricity Board (KSEB), joint promoters of the company.

KPFC recorded an income of Rs 98.94 crore and a net profit of Rs 1.98 crore in 2005-06. Of the total dividend of Rs 39.7 lakh, the State Government's share is Rs 23.58 lakh and that of KSEB Rs 16.12 lakh.

According to Mr V.V. Koshy, Managing Director, the company's annual general meeting held on November 11, 2006, had formally approved the Government's decision to rename the company as `Kerala State Power and Infrastructure Finance Corporation Ltd.'


He said the company had mobilised Rs 1,003 crore since going operational in 1999 through bonds, term loans from banks and fixed deposits from the public.

Apart from dividend, KPFC had paid Rs 23.31 crore to the State Government as guarantee commission.

The company has launched a loan scheme to provide financial assistance to firms supplying electrical components to KSEB. Under this category, Rs 7 crore has been disbursed as short-term loans till date.

More Stories on : Dividend Announcement | Financial Institutions | Kerala

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Volvo shifting Europe truck work to India

Essar Oilfields buys rig for $220 m
Royal Enfield to hike Bullet prices
Maharashtra Seamless allots FCCB conversion
SREI Infra to raise Rs 675 cr thru ECBs
Gayatri Projects to hike capital
United Spirits pre-pays $200 m
Kerala Power Finance pays 20% dividend
BHEL bags Rs 165-cr order from IOC
Award for Noida-based biz woman
Priyamvada will: High Court rejects caveatable interest of Birlas
Ministry's clearance for garnet sand mining legal: Madras HC
Creating the `next practices'
CII keen to become CAM-I member
BHPV may be merged with BHEL
Four points to watch in the Corus race
ABB to acquire Raman Boards
For South Asian financial integration via the stock market
Escorts talking to PE firms to raise funds
Orissa Govt signs pact with Mittal Steel for 12-mt plant
Singur land: Let's discuss, Bengal Govt tells Mamata
3 cos get nod to market `Simvastatin'
Aurobindo gets USFDA nod
Lanco Infratech to partner DongFeng for Sasan project
SEBI bars Gammon India from trading
Mangalore cashew co gets ISO 22000 certification
CCEA okays revival package for Bengal Chemicals
Space Hospitals to widen services in TN
Captive mine to meet Usha Martin requirement
Isogen to expand Ocimum presence in Europe, US

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line