Centre gets ₹1,629-crore interim dividend from PowerGrid, ₹1,143-crore from REC

State-owned Power Grid Corporation on Friday said it has paid ₹1,629.62 crore as interim dividend for 2018-19 to the Centre.

Power Grid Corporation handed over the electronic payment remittance advice for the payment to the Government of India, a company statement said.

The total interim dividend disbursed was ₹3,050.02 crore for 2018-19 to about 5.91 lakh shareholders of the company, it added. The company has declared an interim dividend of ₹5.83 per equity share of ₹10 each for 2018-19.

Power Grid is an electricity transmission utility and has a wide network of 1,51,507 circuit km transmission lines, with 239 sub-stations and transformation capacity of 355,029 megavolt ampere.