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

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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.

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