SJVN Paid 237.38 Cr interim dividend to HP Government

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SJVN Limited
SJVN Limited

On account of its financial performance for the year 2016-17 public sector SJVN Limited has declared an interim dividend of Rs. 930.74 (@ 2.25 rupees per share) to its shareholders. SJVN Limited has paid interim dividend of Rs. 237.38 crore to the Govt. of Himachal Pradesh holding 25.51% equity in the Company.  While Govt. of India, holding 64.46% equity, received Rs. 599.99 crore as interim dividend, Rs. 93.37 crore is paid to public shareholding.   Last year company paid dividend of Rs. 455.03 crore to its shareholders.CMD Directors SJVN Handing Over the Cheque to Hon'ble CM of HP

The dividend cheque was handed over to the Hon’ble Chief Minister of Himachal Pradesh                 Shri Virbhadra Singh by Shri R.N Misra CMD, SJVN Limited at Shimla.  On this occasion Shri A.S. Bindra, Director (Finance),Sh. N.L. Sharma Director (Personnel) and senior officers of SJVN were also present.

While handing over the cheque to the Hon’ble Chief Minister of Himachal Pradesh, Shri R.N. Misra informed him that during the financial year 2016-17, SJVN has targeted to generate 8700 Million Units of electricity under “Excellent” rating whereas a total of around 8940 Million Units of electricity has been generated from 1500 MW NJHPS, 412 MW RHPS and 47.6 MW Khirvire WPP till date. While the target revenue realization from sale of energy is Rs.2300 crore from these three projects collectively.

Hydro Power is the core strength of SJVN and the Company has the distinction of implementing India’s largest 1500 MW Nathpa Jhakri Hydro Power Station in Himachal Pradesh and the Company is implementing other projects in Nepal, Bhutan, Arunachal Pradesh, Himachal Pradesh, Uttrakhand, Bihar and Gujarat.  The Company’s other two projects namely 412 MW Rampur HE Project in Himachal Pradesh and 47.6 MW Khirvire Wind Power Project in Maharashtra are already in operation.  SJVN which has already diversified in the field of Wind Power, Thermal Power and Power Transmission is presently generating 2000 MW of electricity.

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