PowerGrid Declares Rs 4356 cr dividend

NEW DELHI. Power Grid Corporation of India Ltd. (POWERGRID), has declared final dividend of Rs 1307.90 Crore in addition to Rs 3050.02 Crore of interim dividend for the Financial Year 2018-19 i.e. aggregating to Rs 4357.92 Crore.

 

An RTGS advice of Rs 698.81 Crore towards final dividend for the year 2018-19 was handed over by Shri K. Sreekant, CMD, POWERGRID to the Union Minister of State (IC) for Power, New & Renewable Energy, Shri R.K. Singh ,in the presence of Shri Subhash Chandra Garg, Secretary (Power), Government of India, senior officials of Ministry of Power and POWERGRID Board Members.

 

The total dividend of rs 4357.92 Crore declared by POWERGRID is 83.30% of Paid-up Share Capital as against last year’s total dividend of ?2746.59 Crore i.e. 52.50% of Paid-up Share Capital. The dividend amount of ?4357.92 Crore is approximately 43.85% of the profit after tax of ?9938.55 Crore. POWERGRID has been consistently paying dividend since Financial Year 1993-94.

 

POWERGRID registered a net profit of ?9938.55 Crore over a total income of ?35618.07 Crore in the FY 2018-19, a growth of 20.55% in net profit and 15.77% in total income compared to FY 2017-18 on standalone basis.