Reliance Power declares maiden interim dividend of 10%

Nearly 3.7 mn shareholders to benefit from the move

Overview of air insulated substation; Image courtesy: Alstom
Overview of air insulated substation; Image courtesy: Alstom
BS REPORTER Mumbai
Last Updated : Nov 09 2015 | 2:49 PM IST
The Reliance Group company Reliance Power today declared maiden interim dividend of 10%, Rs 1 per equity share of Rs 10 each. 

Total outgo on account of interim dividend payment will be to the tune of Rs 281 crore. 

The interim dividend will be paid to the shareholders on or before December 09, 2015.

Also Read

Nearly 3.7 million shareholders will benefit from dividend payment.

The company had reported 36.57% jump in net profit to Rs 345.63 crore for the quarter ended on September 30, on higher electricity generation. 

Total income of the company has increased to Rs 2,856.01 crore against Rs 1,884.18 crore in the same quarter last year.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 09 2015 | 2:46 PM IST

Next Story