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OHPC pays Rs 26.19-cr dividend to Govt

Bhubaneswar, Nov 30: The Odisha Hydro Power Corporation Ltd, a gold rated State PSU has paid an amount of Rs 26,18,91,970 as dividend to the State Government on Tuesday.

The cheque was handed over to Chief Minister Naveen Patnaik at the State Secretariat by Energy Minister Pranab Prakash Das in the presence of department Secretary and OHPC CMD Rajesh Verma, GRIDCO and OPTCL CMD Hemant Sharma, Energy Department Special Secretary and OHPC Director (HRD) Srikant Nayak among many other senior officials.

According to the Odisha Government policy, the minimum dividend payout in respect of PSUs in the mining and power generation sector should be 30 percent of post-tax profit. OHPC paid the amount of Rs 26,18,91,970 towards dividend at 30 percent of its post-tax profits earned in the year 2015-16.

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