FILE PHOTO: Power lines in Hinsdale, New Hampshire, lead away from the Vermont Yankee nuclear power plant (C rear) in Vernon, Vermont August 27, 2013. Entergy Corp. shut down the Vermont Yankee nuclear power plant in 2014. U.S. President Donald Trump has ordered Energy Secretary Rick Perry to take emergency measures to slow the retirements of other aging coal and nuclear power plants. REUTERS/Brian Snyder (UNITED STATES - Tags: ENVIRONMENT ENERGY) - GM1E98S08LC01/File Photo | Photo Credit: BRIAN SNYDER
Power Grid Corporation of India Ltd on Thursday posted a sequential rise of 4.7 per cent in consolidated net profit for the March quarter at ₹3,526 crore. Total income during the quarter also grew 4.4 per cent sequentially to ₹10,816.33 crore.
On a year-on-year basis, the March quarter profit grew by 6.4 per cent while income rose 2.9 per cent.
For the entire financial year 2020-21, profit grew 8.8 per cent to ₹12,036.5 crore, while total income increased 5.6 per cent to ₹40,823.5 crore.
The company board on Thursday also recommended a final dividend of ₹5 per share for 2020-21. Along with interim dividends paid out in January and March, the total dividend for the concluded fiscal year comes to ₹12 per share.
The biggest gainer is the Central government, which controls 51 per cent stake in the company and will be paid a total ₹3,223 crore in dividends for the year.
Bonus shares
The board also recommended the issue of bonus shares to the ratio of 3:1. The company will allot one bonus share of ₹10 for every three existing shares, subject to approval of the shareholders.
Published on June 17, 2021
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