Patna: Bihar Grid Company Limited (BGCL) has declared an interim dividend for the first time since its establishment, signalling improved financial performance and operational stability in the state’s power transmission sector.
At a ceremony attended by Bihar’s energy minister, Bijendra Prasad Yadav, BGCL’s managing director, Rahul Kumar, handed over a cheque worth Rs. 33.74 crore — representing 50% of the interim dividend for the 2025–26 financial year — to Manoj Kumar Singh, chairman-cum-managing director of Bihar State Power Holding Company Limited (BSPHCL), a key shareholder in the company.
The interim dividend was approved by BGCL’s board of directors on 4 December, following the company’s announcement of a post-tax profit of Rs.29.77 crore for the half-year ending September 30, 2025. The decision reflects the company’s strengthened financial position and sustained progress in implementing transmission projects across Bihar.
Under the approved plan, BGCL will distribute an interim dividend of Rs.0.50 per equity share, amounting to 5% of the face value of Rs.10 per share. The total dividend payout for the financial year stands at Rs.33.74 crore and will be distributed in accordance with the Companies Act, 2013 and the Companies (Declaration and Payment of Dividend) Rules, 2014.
BGCL was established to develop, operate and maintain power transmission infrastructure in Bihar. It is a joint venture between Bihar State Power Holding Company Limited and Power Grid Corporation of India Limited. In line with the shareholding structure, the dividend will be distributed equally between the two entities in a 50:50 ratio.
Officials said the dividend declaration marks a milestone for the company and highlights the growing financial viability of state-level power transmission utilities amid rising demand for reliable electricity infrastructure.
