Odisha Power Generation Corporation (OPGC) today handed over a cheque of Rs 16.25 crore to 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 OPGC Managing Director Sankaran Subramaniam and Director (Finance) H P Nayak, a company release said.
OPGC is expanding its capacity by setting up of 2 units of power plant of 660 MW capacity each at Ib Thermal Power station which are under construction, it said.
As per dividend policy of the company a conservative approach is taken to declare minimum dividend during construction period to enable ploughing back more profit in to construction, it added.
