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SJVN hopes to develop hydro power projects on Chenab: CMD
SJVN Limited, a public sector unit, has declared an interim dividend of Rs 589.47 crore at Rs 1.5 per share to its shareholders for the year 2018-19. The company has paid interim dividend of Rs 158.25 crore to Himachal Pradesh government, which holds 26.85 per cent equity in the PSU. The dividend cheque was handed over to chief minister Jai Ram Thakur by Nand Lal Sharma, chairman & managing director, SJVN Limited at Shimla. Himachal Pradesh government has already been paid a total dividend of Rs 1,643.31 crore till date on an investment of Rs 1,055 crore. The Government of India holds 62.44 per cent shares of the company and 10.71 per cent shares are with public.
The CMD said SJVN would achieve the target of becoming 5,000 MW company by 2023; 12,000 MW by 2030; and 25,000 MW by 2040. During his meeting with the chief minister, Sharma said SJVN would like to develop all the power projects in Chenab basin if the state government develops transmission and other required infrastructure.
Thakur assured all the support in early execution of various hydro projects — Luhri Stage I & II, Sunni Dam, Dhaulasidh and Jangi Thopan — being executed by SJVN in Himachal Pradesh.