SJVN Declares Record Rs 930.74 Crore Interim Dividend For 2016-17

SJVN Declares Record Rs 930.74 Crore Interim Dividend For 2016-17

Shimla: Reporting a good financial performance for the year 2016-17, public sector power company SJVN Limited declared an interim dividend of Rs 930.74 which works to Rs 2.25 rupees per share for its shareholders. This is the highest dividend declared by the public sector company, since it was established 1988. 
 
The Union Minister of State for Power, Coal, New and Renewable Energy and Mines, Shri Piyush Goyal being presented the interim dividend cheque for the Financial Year of 2016-17 by the CMD, SJVN Ltd., Shri Ramesh Narain Misra, in New Delhi on March 21, 2017. 
 
SJVN Limited has already paid an interim dividend of Rs 599.99 crore to the union government which holds 64.5% equity in the Company. While 25.5% equity holder, the government of of Himachal Pradesh has received Rs 237.38 crore as interim dividend and Rs 93.37 crore is paid to public shareholding. Last year SJVN had paid a dividend of Rs 455.03 crore to its shareholders.

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