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State-run Power Grid Corporation of India Ltd's (PGCIL) on Wednesday approved an interim dividend of 7 per 10 share for the financial year 2021-22.

The interim dividend shall be paid to the members on 11 January next year, the company said in a BSE filing.

"The board of directors in its meeting held today i.e. on December 15, 2021, has approved the payment of an interim dividend of 7 per equity share of 10 each (including a special dividend of 3 per equity share) i.e. at the rate of 70 per cent of the paid-up equity share capital for the financial year 2021-22," as per the regulatory filing.

Power Grid Corporation of India's consolidated net profit rose 9.12% to 3376.38 crore on 7.74% rise in net sales to 10266.98 crore in Q2 September 2021 over Q2 September 2020.

Power Grid Corporation of India, a "Maharatna" Central Public Sector Enterprise, is the country's largest electric power transmission utility. The government held 51.34% stake in the firm.

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