IDFC increases disbursals and approvals
By Our Corporate Bureau | 22 Jun 2005
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Chennai: The fiscal 2004-05 saw increased approvals and disbursals by the Infrastructure Development Finance Company Limited (IDFC). The infrastructure project financier approved Rs6,414 crore for 59 projects as against Rs5,720 crore for 83 projects in fiscal 2004. Last fiscal IDFC disbursed Rs3,739 crore for 77 projects as against Rs2,702 crore for 59 projects during the previous year.
The FY 2005 also saw IDFC posting an after tax profit of Rs304 crore up from Rs259 crore posted the previous year. A ten per cent dividend was approved by the shareholders at the company's general body meeting.
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