Bhubaneswar, Jan 28 (LocalWire): Odisha Hydro Power Corporation Limited, a Gold Rated State PSU, has paid Rs. 31,57,88,729/- as a dividend for the financial year 2018-19 to the Govt. of Odisha.
In the last Financial Year 2017-18 the OHPC had paid a dividend of Rs.18,65,34,600/-. During the financial year 2018-19, the Corporation had earned a Post Tax Profit of Rs. 105.26 Crores, whereas in the financial year 2017-18, it saw a profit of Rs.62.17 Crores.
The Post Tax Profit of OHPC during the financial year 2018-19 increased by 69.31% over the previous financial year.
During the Financial Year 2018-19, the Corporation generated Rs. 478.83 Crores by selling 5897.18 Million Units of energy, while it was Rs.467.13 Crores in the financial year 2017-18 generated by selling 5370.91 Million Units of energy.
The Sale of Power during the financial year 2018-19 has increased by 9.80% over the last financial year.
The Cheque has been handed over to the Hon’ble Chief Minister of Odisha, Sj. Naveen Patnaik at the Lok Seva Bhavan by Sj. DibyaSankar Mishra, Hon’ble Minister of Energy, Industry, MSME & Home, Govt. of Odisha in presence of Sri Bishnupada Sethi, IAS, Commissioner-cum-Secretary, Sri Pravakar Mohanty, Director (Finance), and, Dr. Prabodh Kumar Mohanty, Director (HR) of OHPC Ltd.
OHPC has been paying dividend regularly since several years now.
Edited by Meenal Singh