Satluj Nigam enhances dividend by Rs.8.28 crore

Shimla, May 29 (IANS) Public sector Satluj Jal Vidyut Nigam Ltd (SJVNL), a company that owns and operates India's largest hydropower project in Himachal Pradesh, Wednesday announced a dividend of Rs.397.12 crore, an increase of Rs.8.28 crore over last fiscal.

The SJVNL board at its meeting in New Delhi declared a dividend of Rs.397.12 crore against Rs.388.84 crore paid in the last financial year, a company's official said here.

SJVNL is a joint venture of the government of India and the Himachal Pradesh government and has more than 100,000 retail shareholders.

From the dividend, the government of India would get Rs.256.02 crore, while the Himachal government would get Rs.101.27 crore and the retail shareholders Rs.39.83 crore, the official said.