Unconnected transmission towers stand near the Sterlite Power Transmission Ltd. Gas Insulated Substation (GIS), which is under construction, in Amargarh, Jammu and Kashmir. (Photographer: Dhiraj Singh/Bloomberg)

Power Grid Pays Rs 1,600-Crore Interim Dividend To Government For This Fiscal

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

The company handed over an electronic payment remittance advice for the payment of Rs 1,629.62 crore for 2018-19 to the government of India, it said in a statement.

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

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 network of 1,51,507 circuit kilometres transmission lines, with 239 sub-stations and transformation capacity of 355,029 megavolt ampere.