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OHPC pays interim dividend of Rs 30cr to Odisha govt

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Odisha Hydro Energy Company (OHPC) has paid an interim dividend of Rs 30 crore to the state authorities for the 2019-20 fiscal, an official mentioned on Saturday.

BP Sethi, Chairman-cum-Managing Director, OHPC handed over the cheque to Chief Secretary A Ok Tripathy on the Lok Seva Bhawan right here on Friday.

The ability utility had paid a dividend of over Rs 31.57 crore to the state authorities within the 2018-19 monetary 12 months.

The choice to pay an interim dividend of Rs 30 crore was taken in a gathering of the board of administrators on July 16, OHPC director (finance) Pravakar Mohanty mentioned.

Based on the provisional estimates, the corporate posted a web revenue of Rs 134.05 crore in FY 20 as in comparison with Rs 105.26 crore within the earlier 12 months.

Through the FY 20, the ability utility has earned Rs 471.24 crore by promoting 5878.83 million items of vitality, whereas it had mopped up a income of Rs Rs 478.83 crore in 2018-19.

As a part of its company social duty, the corporate has prolonged help to the federal government for managing two COVID-19 hospitals in Gajapati and Balasore districts.

First Printed on Aug 1, 2020 03:19 pm

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