PowerGrid pays interim dividend of Rs 3050.02 crore for FY 2018-19

Thesynergyonline Energy Bureau

Power Grid Corporation of India Ltd. (PowerGrid),
India's Central Transmission Utility (CTU) and a Navratna PSU,
has declared an interim dividend of Rs 5.83 per equity share
of Rs 10 each for the Financial Year 2018-19.

PowerGrid handed over electronic payment remittance advice for payment of Rs 629.62 crore to the Government of India.

The total interim dividend disbursed is to the tune of Rs 3050.02 crore to about 5.91 lakh shareholders. In FY 18-19, the total dividend paid including final dividend for FY 17-18 is Rs 514.86 crore which is 1.48 times the total dividend paid in FY 17-18.

PoweGrid is one of the World's Largest Power Transmission Utility, and has a wide network of 151,507 circuit kilometers transmission lines, with 239 sub-stations and transformation capacity of 355,029MVA.