SJVN Pays Rupees 167.99 crore as interim dividend to Government of India for FY 2014-15


By:Mohan Lal Verma

On account of its financial performance for the year 2014-15 public sector SJVN limited has paid an interim dividend of Rupees 167.99 crore to the Government of India holding 64.5% equity in the company.  SJVN had declared a total interim dividend of Rupees 260.61 crore (@ 63 paisa per share) for FY 2014-15. While 25.5per cent equity holder Government of Himachal Pradesh received Rupees 66.47 crore as interim dividend and Rupees 26.14 crore is paid to public shareholding.

Last year the company paid a dividend of Rupees 405.39 crore to its shareholders. Mr. R.N. Misra, CMD, SJVN Limited at New Delhi handed over the dividend cheque to the Union Minister of State for Power Mr. Piyush Goel.

On this occasion Mr. A.S. Bindra, Director (Finance), Mr. N.L. Sharma Director (Personnel), Mr. R.K. Bansal, Director (Electrical) and many other senior officers of SJVN were also present.

While handing over the cheque to the Union Minister of state for Power, Mr. R.N. Misra informed him that the 412 MW Rampur Hydro Electric Project in Himachal Pradesh and 47.6 MW Khirwire Wind Power Project in Maharashtra had been fully commissioned during the current Financial Year.

He was also informed that SJVN Limited has recorded a 53.81% increase in the PAT (Profit After Tax) during the first nine months of FY 2014-15.

The net profit of the company increased to Rupees 1491.67 crore from Rupees 969.80 crore earned during the corresponding period of last financial year.

During the financial year 2014-15, SJVN targets to generate 7920 MUs of power under “Excellent” parameters. The target revenue realization from sale of energy is Rupees 1820 crore from Nathpa Jhakri Hydro Power Station, Rampur HE Power Station and Khirvire Wind Power Plant collectively.

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