The Sutlej Jal Vidyut Nigam limited (SJVNl) on account of its annual financial performance for the year 2012-13, has paid a dividend of Rs 255.99 crore to the Central Government holding 64.5 per cent equity in the company.
SJVN had declared a total dividend of Rs 397.12 crore for financial year 2012-13, which is 2.1 per cent higher than last year’s dividend of Rs 388.84 crore. The dividend works out at 96 paisa per share of Rs 10 each. The dividend cheque was handed over to the Union Minister of State for Power (Independent) Jyotiraditya M Scindia by SJVNl CMD, RP Singh on Thursday. The cheque was presented in the presence of Pradeep Kumar Sinha, Secretary (Power) and senior officials of the Ministry of Power. On this occasion AS Bindra, director (finance) and senior officers of SJVN were also present. While handing over the cheque to the Union Minister, Singh said that the flagship Nathpa Jhakri Hydro Power Station of SJVN was completing 10 years of electricity generation this year.