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SJVN pays an interim dividend of Rs 179.35 cr to govt of HP

The interim dividend cheque has been handed over to the Chief Minister of Himachal Pradesh Jai Ram Thakur by SJVN Limited's Director (Personnel) Geeta Kapur
Shimla: SJVN Limited's Chairman & Managing Director (CMD) Nand Lal Sharma informed that SJVN Limited has paid Rs 179.35 crore as interim dividend to the government of Himachal Pradesh (HP). The interim dividend cheque has been handed over to the Chief Minister of Himachal Pradesh (HP) Jai Ram Thakur by SJVN Limited's Director (Personnel) Geeta Kapur in the presence of SJVN's Chief General Manager (HR) DP Kaushal and Chief General Manager (Finance) D Dash.
SJVN Limited has paid a total dividend of Rs 1891.23 crore till date to the government of Himachal Pradesh on equity of Rs 1055.01 crore
On this occasion, Sharma told that for the financial year 2019-20 an interim dividend of Rs 668.07 crores has been declared by the company. He said that Rs 400.32 crore has been paid to the government of India and Rs 88.40 crores are being paid to public shareholders as interim dividend. The government of Himachal Pradesh is holding 26.85 percent shares of the company while 59.92 percent shares are with the government of India and rest 13.23 percent are with the public. Sharma further informed that SJVN Limited has paid a total dividend of Rs 1891.23 crore till date to the government of Himachal Pradesh on equity of Rs 1055.01 crore. While, till date, the company has paid Rs 7356.56 crore as dividend to its shareholders. For the Financial Year 2019-20, against the MoU target of 9,100 Million units of electricity generation, SJVN has generated more than 9,670 million units.