Patna: The Bihar Grid Company Limited (BGCL) has declared its first interim dividend for the financial year 2026-27, approving a total payout of Rs 33.74 crore to its shareholders.
The dividend has been declared out of the company’s accumulated profit of Rs 178.42 crore. The Board of Directors approved an interim dividend of Rs 0.50 per equity share with a face value of Rs 10, equivalent to a 5% dividend.
The dividend was paid on October 7, 2026, according to the company.
Rs 33.74 Crore Dividend Distributed Among Shareholders
The total interim dividend of Rs 33.74 crore will be distributed among the company’s shareholders in accordance with the provisions of the Companies Act, 2013 and the Companies (Declaration and Payment of Dividend) Rules, 2014.
BGCL said the dividend declaration reflects its continued focus on generating value for its shareholders while maintaining financial discipline and operational efficiency.
Energy Minister Welcomes Dividend Declaration
Energy Minister Shailesh Kumar alias Bulo Mandal welcomed the announcement and described the first interim dividend as an indication of the company’s positive growth and strong financial position.
He said the achievement reflects BGCL’s operational efficiency and continued efforts towards ensuring reliable and quality power supply across Bihar.
According to the minister, the company’s financial performance is linked to the broader strengthening of Bihar’s power sector.
Energy Secretary Highlights Financial Strength
Energy Secretary Ajay Yadav, IAS, said the payment of the interim dividend reflects BGCL’s strong financial position, improved operational performance and financial discipline.
He said that alongside strengthening Bihar’s power transmission infrastructure, the company’s continued profitability is an important indicator of the transformation taking place in the state’s energy sector.
He added that the state government is working to make power-sector institutions more capable, efficient and financially strong.
BGCL MD Credits Team for Performance
Dr Nawal Kishore Choudhary, IAS, Managing Director of Bihar Grid Company Limited, expressed satisfaction with the company’s operational and financial performance.
He said BGCL is continuing to work towards its targets and that strong operational performance and financial discipline have enabled the company to generate consistent profits.
The Managing Director attributed the achievement to the dedicated efforts of the entire BGCL team.
BGCL Operates 11 Grid Substations in Bihar
Bihar Grid Company Limited was established to implement and operate power transmission projects in Bihar.
The company currently operates 11 grid substations across the state and plays an important role in strengthening Bihar’s electricity transmission network.
BGCL is a joint venture between Bihar State Power Holding Company Limited and Power Grid Corporation of India Limited.
Dividend to Be Shared 50:50
The dividend declared for FY 2026-27 will be distributed between the two shareholders in a 50:50 ratio.
The arrangement reflects the equal ownership structure of the joint venture between Bihar State Power Holding Company Limited and Power Grid Corporation of India Limited.
BGCL Had Declared Two Interim Dividends Last Year
BGCL had also declared interim dividends on two occasions during the financial year 2025-26.
The previous year’s interim dividends were announced in December 2025 and March 2026, respectively.
The latest dividend declaration marks another payout from the company as it continues to report positive operational and financial performance
