Bhubaneswar: Odisha Hydro Power Corporation Limited (OHPC), a Gold rated State PSU has paid Rs. 31,57,88,729/- as a dividend for the financial year 2018-19 to the Govt. of Odisha.
In the last Financial Year 2017-18, OHPC has also paid a dividend of Rs. 18,65,34,600/-. During the financial year 2018-19, the Corporation has earned a Post Tax Profit of Rs. 105.26 Crores, whereas in the last year 2017-18, it has earned a Post Tax Profit of Rs.62.17 Crores.
The post-tax profit of OHPC during the financial year 2018-19 has increased by 69.31% over the previous financial year 2017-18.
During the Financial Year 2018-19, the Corporation generated Rs. 478.83 Crores by selling 5897.18 Million Units of energy, whereas in the last year 2017-18 OHPC has earned Rs.467.13 Crores by selling 5370.91 Million Units of energy. The Sale of Power during the financial year 2018-19 has increased by 9.80% over the last financial year 2017-18.
The cheque has been handed over to the Chief Minister Naveen Patnaik at the Lok Seva Bhawan by Energy Minister Dibya Sankar Mishra, in presence of Bishnupada Sethi, IAS, Commissioner-cum-Secretary, Department of Energy & Chairman-cum-Managing Director, OHPC Ltd, Pravakar Mohanty, Director (Finance), Dr. Prabodh Kumar Mohanty, Director (HR) of OHPC Ltd.
Notably, Odisha Hydro Power Corporation Limited has been paying dividends regularly for last several years.