Power Grid Corp pays Rs 1,600 cr interim dividend to govt for 2018-19

State-owned Power Grid Corporation said on Friday that it has paid Rs 1,629.62 crore as interim dividend for 2018-19 to the central government

Press Trust of India March 22, 2019 19:17:29 IST
Power Grid Corp pays Rs 1,600 cr interim dividend to govt for 2018-19
  • The total interim dividend disbursed was Rs 3,050.02 crore for 2018-19 to about 5.91 lakh shareholders of the company

  • The company has declared an interim dividend of Rs 5.83 per equity share of Rs 10 each for 2018-19

New Delhi: State-owned Power Grid Corporation said on Friday that it has paid Rs 1,629.62 crore as interim dividend for 2018-19 to the central government.

Power Grid Corp pays Rs 1600 cr interim dividend to govt for 201819

File image of Rs 100 notes. AFP.

Power Grid Corporation handed over electronic payment remittance advice for payment of Rs 1,629.62 crore for 2018-19 to the Government of India, a company statement said.

The total interim dividend disbursed was Rs 3,050.02 crore for 2018-19 to about 5.91 lakh shareholders of the company, it added.

The company has declared an interim dividend of Rs 5.83 per equity share of Rs 10 each for 2018-19.

Power Grid is an electricity transmission utility and has a wide network of 1,51,507 circuit kilometres transmission lines, with 239 sub-stations and transformation capacity of 355,029 megavolt ampere.

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