State-owned REC Ltd on Friday said it has paid Rs 1,143.34 crore as interim dividend for 2018-19 to the Power Ministry.
Ajeet Kumar Agarwal, CMD & Director (Finance) of REC, presented RTGS credit advice towards payment of interim dividend for 2018-19, amounting to Rs 1,143.34 crore on the shareholding of the Central Government in REC to R. K. Singh, Minister of State for Power (Independent Charge) on Wednesday, March 20, 2019, a company statement said.
The board of REC had declared interim dividend at the rate of Rs 11 per equity share, representing 110 per cent of the total paid-up share capital of the company for 2018-19, according to the statement.
