PowerGrid pays dividend

"At the end of the day, dividends are not being paid with margins; dividends are paid with earnings per share. Joe Kaeser   PowerGrid pays dividend

PowerGrid pays total dividend
of Rs 4357.92 crore to Govt

The total dividend of Rs 4357.92 crore is 83.30 % of paid-up share capital


PowerGrid pays dividend

Thesynergyonline Energy Bureau

NEW DELHI, SEPTEMBER 05 :

Power Grid Corporation of India (PowerGrid), the Navratna PSU, has declared final dividend of Rs 1307.90 crore in addition to Rs 3050.02 crore of interim dividend for the financial year 2018-19i.e. aggregating to Rs 4357.92 crore.

An RTGS advice of Rs 698.81 crore towards final dividend for the year 2018-19 was handed over by Mr K. Sreekant, CMD, PowerGrid to the Union Minister of State (IC) for Power, New & Renewable Energy, Mr R.K. Singh on September 05 , 2019 in the presence of Mr Subhash Chandra Garg, Secretary (Power), Government of India, senior officials of Ministry of Power and POWERGRID Board Members. In addition to this, an interim dividend of Rs 1629.62 crore was earlier paid to the Ministry of Power for the year 2018-19.




Mr K. Sreekant, CMD, PowerGrid presenting an RTGS advice of Rs 698.81 crore towards final dividend for the year 2018-19 to the Union Minister of State (IC) for Power, New & Renewable Energy, Mr R.K. Singh on Thursday

PowerGrid pays dividend

Net profit of Rs 9938.55 crore

over a total income of Rs 35618.07 crore

in the FY 2018-19

The total dividendof Rs 4357.92 crore declared by PowerGrid is 83.30 per cent of paid-up share capital as against last year's total dividend of Rs 2746.59 crorei.e.52.50 per cent of paid-up share capital. . The dividend amount of Rs 4357.92 crore is approximately 43.85 per cent of the profit after tax of Rs 9938.55 crore

The company registered a net profit of Rs 9938.55 crore over a total income of Rs 35618.07 crore in the FY 2018-19, a growth of 20.55 per cent in net profit and 15.77 per cent in total income as compared to FY 2017-18 on standalone basis PowerGrid has been consistently paying dividend since Financial Year 1993-94.