Odisha Sun Times Bureau
Bhubaneswar, Sep 16:
Odisha Power Generation Corporation Ltd. (OPGC) today handed over a cheque for Rs.16.25 crores to Odisha Chief Minister Naveen Patnaik towards the state’s share of dividend for the year 2013-14.
The cheque was handed over to the Chief Minister in his office by the OPGC officials Sankaran Subramaniam, Managing Director and HP Nayak, Director (Finance). Minister for Energy Pranab Prakash Das and Principal Secretary, Energy Suresh Chandra Mohapatra, IAS, were also present on the occasion.
It is worthwhile to mention here that OPGC is expanding its capacity by setting up of two units of 660MW capacity each at Ib Thermal Power Station.
As per the dividend policy of the company, a conservative approach is taken to declare minimum dividend during construction period to enable ploughing back of more profit into construction.