New Delhi, Oct 13 (PTI) State-run central transmissionutility Power Grid Corp today said it has paid a totaldividend of Rs 2,275.74 crore to its shareholders in 2016-17.
Power Grid Corp has declared final dividend of Rs1,752.59 crore in addition to Rs 523.15 crore of interimdividend totalling Rs 2,275.74 crore for 2016-17, a companystatement said.
The chairman and managing director of the corporation, IS Jha, presented a cheque of Rs 980.73 crore towards finaldividend for 2016-17 to Power Minister R K Singh on October12, 2017, it said.
In addition to this, an interim dividend of Rs 292.76crore was earlier paid to the Ministry of Power for 2016-17.
The total dividend of Rs 2275.74 crore declared by Power GridCorp is 43.50 per cent of paid-up share capital.
It said that the company has been consistently payingdividend since 1993-94. It has registered a net profit of Rs7,520.15 crore over a total income of Rs 26,581.46 crore in2016-17, registering a growth of 26.42 per cent in net profitand 25.13 per cent in total income compared to FY2015-16. PTIKKSMR.
This is unedited, unformatted feed from the Press Trust of India wire.