OPGC Pays Rs 18 Cr Dividend to Govt

Published: 02nd December 2015 06:39 AM  |   Last Updated: 02nd December 2015 06:39 AM   |  A+A-

BHUBANESWAR: The Odisha Power Generation Corporation (OPGC) on Tuesday paid a dividend of `18.75 crore to the State Government.

Minister of State for Energy Pranab Prakash Das handed over a cheque of `18.75 crore to Chief Minister Naveen Patnaik towards the State’s share of dividend for the year 2014-15.

The State-owned OPGC is expanding its capacity with a capital outlay of `11,547 crore by setting up two more units of 660 MW capacity each at Ib Thermal power station which are under construction.

As per the dividend policy of the company, 25 per cent of the profit of 2014-15 corresponding to 7.5 per cent of the paid up capital has been declared as dividend.

Major portion of the profit is being utilised for financing the expansion project. The new units are scheduled to be commissioned towards end of the financial year 2017-18.

Energy Secretary Rajesh Verma, Gridco CMD Hemant Sharma, Managing Director of OPGC Indranil Dutta and senior officers of the Energy Department and OPGC were present on the occasion.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp