Home » Business » Odisha Hydro Power Corporation has paid an interim dividend of Rs 30 crore to the state government
ohpc-dividend-2020

Odisha Hydro Power Corporation has paid an interim dividend of Rs 30 crore to the state government

Bhubaneswar:1/8/20: Odisha Hydro Power Corporation (OHPC) has paid an interim dividend of Rs 30 crore to the state government for the 2019-20 fiscal, an official said on Saturday.

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

The power utility had paid a dividend of over Rs 31.57 crore to the state government in the 2018-19 financial year. The decision to pay an interim dividend of Rs 30 crore was taken in a meeting of the board of directors on July 16, OHPC director (finance) Pravakar Mohanty said.

According to the provisional estimates, the company posted a net profit of Rs 134.05 crore in FY 20 as compared to Rs 105.26 crore in the previous year.

During the FY 20, the power utility has earned Rs 471.24 crore by selling 5878.83 million units of energy, while it had mopped up a revenue of Rs Rs 478.83 crore in 2018-19.

As part of its corporate social responsibility, the company has extended support to the government for managing two COVID hospitals in Gajapati and Balasore districts.

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

Leave a Reply

Your email address will not be published.

x

Check Also

navin

From Governance To Community Resilience, Odisha’s Response To COVID-19 Impressive: WHO

Odisha, a state located on the east coast of India is not new to emergencies. Known for its track record of efficiently handling natural disasters, including the recent cyclone, the ...