Bhubaneswar, July 31 (LocalWire) Odisha Hydro Power Corporation Ltd., a Gold Rated public sector undertaking (PSU) of Odisha on Friday paid an interim dividend of Rs.30.00 Crores for the Financial Year 2019-20 to the state government, a company official said.
The Cheque was handed over to the state chief secretary Asit Kumar Tripathy by OHPC chairman cum managing director Bishnupada Sethi, in presence of company finance director Pravakar Mohanty.
The Board of Directors of OHPC in their meeting held on 16.07.2020, based on the provisional accounts for 2019-20 had decided to pay an interim dividend of Rs. 30.00 Cr to Govt.
The balance amount shall be paid after finalization of Accounts for FY 2019-20. Last Year, OHPC had paid an amount of Rs. 31,57,88729/- as dividend to the state government, he added.
The Post Tax Profit (Provisional) of OHPC during the FY 2019-20 is about Rs. 134.05 Crores, whereas in the last year i.e. 2018-19 the Post tax profit was Rs.105.26 Crores.
During the FY 2019-20, the Corporation has earned Rs. 471.24 Crores by selling 5878.83 Million Units of Energy whereas in last year i.e. 2018-19, OHPC had earned Rs.478.83 Crores by selling 5897.18 Million Units of Energy. OHPC has been paying dividends regularly since the last several years.
As a responsive Corporate house of the State, OHPC has also extended its CSR support to the Govt.
for managing two COVID Hospitals- One at Gajapati District and one at Balasore District with 112 and 120 Beds respectively, the official pointed out.