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OHPC Pays Interim Dividend


State Owned Green Power Major Odisha Hydro Power Corporation ( OHPC) has paid an interim dividend of Rs.30 crore to the State Government for the Financial Year 2019-20.

The cheque was presented to Chief Secretary Asit Tripathy in Lokseba Bhawan conference hall today by Principal Secretary and Chairman OHPC, Bishnupada Sethi.

Receiving the cheque Mr.Tripathy complimented efforts of OHPC Team in power sector and advised them to further scale up their capacity through adoption of latest technology and business reforms.

On this occasion, Chairman Mr.Sethi said that the Board of Directors of OHPC in their meeting on 16 July of current year resolved to pay interim dividend of Rs. 30 crore to the State Government for the year 2019-20.

The balance amount for the year would be paid after finalization of the accounts.

Mr.Sethi added that last year the Corporation had paid Rs.31.57 cr as dividend to the State.

Director Finance OHPC Pravakar Mohanty, present on the occasion mentioned, “ OHPC has achieved 27.35 Percent growth in its net profit for the year 2019-10 in comparison to the last fiscal.

In the year 2018-19 the net profit of the Corporation after payment of all taxes was around Rs.105.26 crore which increased to Rs.134.05 Crore in the year 2019-20”.

Further, CMD of OHPC Mr.Sethi appraised, “As a responsible Corporate House of the State, OHPC has extended its CSR support in shape of managing two Covid Hospitals- one in Gajapati and other one in Balasore district with 112 and 120 bed capacity respectively.

“As per directions of the State Government, Covid patients are being provided specialized treatment in these two hospitals free of cost. The cost is being borne from CSR fund of OHPC”, said Mr.Sethi.
 


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