Mini Navratan Public undertaking Sutlej Jal Vidyut Nigam (SJVN) has declared interim dividend of Rs 785.95 crore for 2017-18, and paid Rs 504.75 crore to the Centre.
The mini ratna company paid Rs 504.75 crore dividend to the central government, which holds 64.3% equity in the company, a spokesperson of the firm said.
The company had paid dividend of Rs 1,137.57 crore to its shareholders in 2016-17. The dividend cheque was handed over to the Union Minister of State for Power R K Singh by SJVN CMD Nand Lal Sharma.
Sharma said that during the financial year 2017-18, Ministry of Power had set target for SJVN to generate 8,950 Million Units of electricity under Excellent rating, whereas a total power generation was 9,015 Million Units from 1,500 MW Nathpa Jhakri Hydropower Project.
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