SJVN Pays Rs 240 Cr Dividend

sjvnShimla: Having declared a undivided dividend of Rs 320 crore for 2008-09, SJVN, the centre-state sector power generating company today handed over Rs 157.50 Cr dividend to the union government who hold 75 percent equity in the public company.

SJVN spokesman VK Verma said that the final dividend cheque was submitted to HS Brahma, secretary power by HK Sharma, CMD of the public utility company in presence of other senior government official and other SJVN directors. An interim dividend of Rs 82.50 crore has already been paid to the union government, he added.

The Himachal government which has a 25 percent equity in the company earns a Rs 80 crore dividend for the year.

Sharma did inform power secretary that in 2008-09 the corporation had an income of Rs 2029.24 crore against that of Rs1582.21 crore in the previous year. A net profit of Rs 1015.32 crore in 2008-09 was 33% more than the previous year, he said.

During 2008-09, SJVN at its 1500 MW Nathpa Jhakri plant had generated 6609 million units of electricity against 6449 million units generated during the previous year.

Besides HK Sharma, SJVN directors RS Katoch, and KK Garg, were also present on the occasion.

Director (Finance) and Shri S.P. Singh, GM(CMC) from SJVN were also present on this occasion.

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