OPGC declares final dividend for the financial year 2012-13

opgcccBhubaneswar: Odisha Power Generation Corporation Ltd. (OPGC) on Wednesday (11th Dec) handed over a cheque of Rs.21.25 crores to the hon’ble Chief Minister of Odisha Naveen Patnaik towards the state’s share of the final installment of the dividend for the year 2012-13. The cheque was handed over to the Chief Minister at his office by the OPGC officials i.e. Sri Pradeep Kumar Jena, Chairman, Sri K. Murali, Managing Director and Sri H.P. Nayak, Director (Finance). The hon’ble Minister of Energy Sj. Arun Kumar Sahoo was also present on the occasion. With the release of the above final instalment, the total dividend received by the state for the year 2012-13 works out to Rs.63.75 crores.

It may be mentioned here that OPGC in its recently concluded general body meeting had declared a final dividend of 25.5% on its paid up capital. After adjustment of interim dividend of 17% (Rs.83.33 crores) already declared in December 2012, OPGC has released the balance dividend in favour of its shareholders i.e. Govt. of Odisha and AES in the ratio of 51:49.

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OdishaInc Bureau