POWERGRID announces interim dividend and secures loan
pre-market1 source ↓written by the desknot a recommendation
- on its equity
- 45% payout
- from SBI
- ₹6,000 crore loan
POWERGRID declared a first interim dividend of ₹4.50 per share, representing a 45% payout on its equity capital. Additionally, the company secured a ₹6,000 crore loan from SBI to enhance its financial capabilities. This funding will support ongoing projects and may boost investor sentiment in the sector.
Key Points:
• Interim dividend ₹4.50
• Loan amount ₹6,000 crore
• Financial performance review completed
Immediate market implications include potential uplift in share price due to the dividend announcement.
Not investment advice. For informational purposes only.