Millennium Post

POWERGRID declares total dividend of Rs 977 crore

POWERGRID declares total dividend of Rs 976.89 crore Power Grid Corporation of India Ltd. [POWERGRID], the Navratna PSU, has declared final dividend of Rs 606.50 crore for the financial year 2011-12. This is the highest ever final dividend paid by POWERGRID.

A payment advice of Rs 407.77 crore towards final dividend for the year 2011-12 was handed over by R N Nayak, CMD, POWERGRID to union minister of power  M Veerappa Moily in the presence of P Umashankar, secretary [Power], and senior officials of ministry of power.

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