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SJVN Declared an Interim Dividend of Rs. 589.47 Crore for FY 2018-19 & Paid Rs. 368.07 Crore as Interim Dividend to Govt. of India

February 28, 2019

SJVN Declared an Interim Dividend of Rs. 589.47 Crore for FY 2018-19 & Paid Rs. 368.07 Crore as Interim Dividend to Govt. of India

SHIMLA: 28th February, 2019

 

On account of its financial performance for the year 2018-19 public sector SJVN Limited has declared an interim dividend of Rs. 589.47 (@ 1.50 rupees per share) to its shareholders. SJVN Limited has paid interim dividend of Rs. 368.07 crore to the Govt. of India holding 62.44% equity in the Company. 

 

The dividend cheque was handed over to the Hon'ble Union Minister of State for Power Shri R.K. Singh by Shri Nand Lal Sharma, CMD, SJVN Limited at New Delhi. The cheque was presented in the presence of, Shri S.N Sahai, Additional Secretary and Shri Vishal Pal Singh, Deputy Secretary (Hydro –II) and other senior officials of the Ministry of Power.  On this occasion Sh. A.S. Bindra Director (Finance), Sh. Kanwar Singh, Director (Civil) and senior officers of SJVN were also present.

 

While handing over the cheque to the Hon'ble Union Minister of State for Power, Shri Nand Lal Sharma informed him that the company is paying back fruitfully to its shareholders. The major shareholder Government of India has been already paid a total dividend of Rs.4257.47 Crore on an investment of Rs.2453.78 Crore. Currently Government of India is holding 62.44 % shares of company while 26.85% shares are with Government of Himachal Pradesh & 10.71% with public.

 

On this occasion, Shri N.L. Sharma apprised Hon’ble Minister that SJVN has sufficient reserves to contribute towards equity portion for achieving the ambitious targets of becoming 5000 MW Company by 2023, 12000 MW by 2030 and 25000 MW Company by 2040.  He further said that, SJVN has both technical expertise and financial backing for achieving these targets. 

 

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.
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