Tuesday, Apr 23 2024 | Time 18:10 Hrs(IST)
image
Business EconomyPosted at: Mar 13 2019 6:18PM


SJVN declares interim dividend of Rs 589.47 cr for FY 2018-19, Rs 158.25 cr to HP

Shimla, Mar 13 (UNI) On account of its financial performance for the year 2018-19 public sector
SJVN Limited has declared an interim dividend of Rs 589.47 Crore at the rate of 1.50 rupees per share) to its shareholders.
SJVN Limited has paid interim dividend of Rs 158.25 Crore to the Govt. of Himachal Pradesh holding 26.85% equity in the Company.
The dividend cheque was handed over to the Chief Minister of Himachal Pradesh Mr. Jai Ram Thakur by Nand Lal Sharma, Chairman & Managing Director, SJVN Limited at Shimla. The cheque was presented in the presence of Mr. A.S. Bindra, Director (Finance), Ms. Geeta Kapur, Director (Personnel), Ms. A.K. Singh Chief General Manager and other officers of SJVN.

While handing over the cheque to the Chief Minister, Nand Lal Sharma informed him that the company is being managed proficiently with team of efficient professionals which is fruitfully contributing its profit to its shareholders.
The government of Himachal Pradesh has already been paid a total dividend of Rs. 1643.31 Crore till date on an investment of Rs. 1055 Cr. Currently Government of India is holding 62.44 per cent shares of company while 26.85 p c shares are with HP & 10.71 p c with public.
He also reaffirmed his solemn resolve and commitment that SJVN would achieve the ambitious targets of becoming 5000 MW Company by 2023, 12000 MW by 2030 and 25000 MW Company by 2040.
He further asserted that, SJVN would always remain an active partner in contributing for the growth of the State.
During his meeting with Chief Minister, Mr Sharma conveyed to him that SJVN would like to develop all the Power projects in Chenab River Basin if the Government of HP develops the transmission and other enabling infrastructure required for evacuation of Power and execution of projects.
Chief Minister had assured all the support of government in early execution of various Hydro projects being executed by SJVN in Himachal Pradesh which includes Luhri Stage I & Stage II, Sunni Dam, Dhaulasidh & Jangi Thopan Hydro Electric Projects having generation potential of 1610 MW.
Besides executing Projects in Himachal Pradesh, SJVN is presently executing projects in Nepal, Bhutan, Uttrakhand, Bihar and Gujarat. The cumulative generation capacity of these projects will be 4798 MW. SJVN which has already diversified in the field of Wind Power, Thermal Power and Power Transmission is presently generating more than 2000 MW of electricity.
UNI ML SDR 1817
Please log in to get detailed story.
Tags: #SJVN declares interim dividend of Rs 589.47 cr for FY 2018-19# Rs 158.25 cr to HP
More News

Sensex up 89 83 pts

23 Apr 2024 | 4:29 PM

Mumbai, April 23 (UNI) The BSE Sensex remained positive for the third straight session on Tuesday, rising 89.83 pts to close at 73,738 on the strength of Telecommunications, Realty and Technology stocks amid positiveAsian Market.

see more..

Construction cost in India likely to rise by 6 pc in 2024: JLL

23 Apr 2024 | 12:33 PM

Hyderabad, April 23 (UNI) The overall construction cost in the country is expected to increase by an average 6 per cent across various sectors in the Financial Year (FY) 2024, according to a latest construction cost guidebook release recently by JLL, a leading global commercial real estate and investment management company.

see more..
Rupee rises 3 paise against USD

Rupee rises 3 paise against USD

23 Apr 2024 | 11:35 AM

Mumbai, Apr 23 (UNI) The rupee continued to rise on Tuesday too, as it advanced 3 paise to 83.34 in the opening session on the selling of US dollars by bankers and exporters, dealers at the Foreign Exchange said.

see more..
Sensex up 400 points

Sensex up 400 points

23 Apr 2024 | 11:35 AM

Mumbai, Apr 23 (UNI) Extending the rally for the third consecutive day, the BSE Sensex on Tuesday spurted 400 points to open at 74,048.94 as buying was seen across the board.

see more..
Air India and All Nippon Airways to begin codeshare partnership for travel between India and Japan

Air India and All Nippon Airways to begin codeshare partnership for travel between India and Japan

23 Apr 2024 | 11:19 AM

GURUGRAM, Apr 23 (UNI) Air India, India’s leading global airline, and All Nippon Airways, the largest Japanese carrier, have signed a codeshare agreement connecting their networks.

see more..
image