Bhubaneswar: State owned Odisha Hydro Power Corporation (OHPC) Friday paid Rs 30 crore dividend to the Odisha government.
OHPC CMD Bishnupada Sethy along with his director finance Prabhakar Mohanty handed over the cheque of Rs 30 crore to chief secretary Asit Tripathy, here at Lokseva Bhawan on Friday.
Sethy said that the OHPC board of directors decided to pay the interim dividend of Rs 30 crore to the government pending the declaration of the annual financial result of the company. He said last year the company had paid Rs 31.58 crore to the State government.
Speaking on the occasion, director finance Mohanty said OHPC’s net profit has increased by 2735 % to Rs 134.05 crore in 2019-20 as against Rs105.26 crore net profit posted in 2018-19.