PSU NEWS
POWERGRID Pays Total Dividend of Rs. 2746.58 Crore
New Delhi: Powergrid Corporation of India Ltd. has declared the final dividend of Rs. 1464.84 Crore in addition to Rs. 1281.74 Crore of interim dividend for the Financial Year 2017-18, aggregating to Rs. 2746.58 Crore.
A cheque of Rs. 796.91 Crore towards final dividend for the year 2017-18 was handed over by Shri I. S. Jha, CMD, POWERGRID to the Hon’ble Union Minister of State (IC) for Power and New & Renewable Energy, Shri R.K. Singh on 27.09.2018 in the presence of Shri Ajay Kumar Bhalla, Secretary (Power), Government of India , senior officials of Ministry of Power and POWERGRID Board Members. In addition to this, an interim dividend of Rs.704.63Crore was earlier paid to the Ministry of Power for the year 2017-18.
The total dividend of Rs. 2746.58 Crore declared by POWERGRID is 52.50% of Paid-up Share Capitals against last year’s total dividend of ?2275.74Crore i.e.43.50% of paid-up Share Capital. The dividend amount of Rs. 2746.58 Crore is approximately 33.34 % of the profit after tax of Rs. 8238.96 Crore. POWERGRID has been consistently paying the dividend since Financial Year 1993-94.
Read Also : Indian Air Force ushers in Digital Transformation with DigiLocker Integration
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station