Sindh Transmission and Dispatch Company (STDC) today made a landmark decision by announcing its first-ever interim dividend, a move reflecting the state-owned enterprise”s enhanced financial health and a pivotal moment for Sindh”s power transmission industry.
During its 38th meeting, the Board of Directors, chaired by Riffat Sultana, approved a payout of Rs. 3.27 per share for its registered shareholders. The decision followed a comprehensive review of the company”s three-year financial planning, cash flow position, and adherence to NEPRA tariff guidelines.
Board members, including Secretary Energy Shahab Qamar Ansari and CEO Muhammad Saleem Shaikh, expressed full satisfaction with STDC”s robust financial footing and stable operational performance. The company’s significantly improved cash flow during the current fiscal year was cited as the primary enabler for the shareholder distribution, which also strengthens its foundation for future expansion.
Operationally, STDC manages a 95-kilometre, 132kV double-circuit transmission network. It is currently responsible for transmitting 100MW of power from the Nooriabad Power Company to a K-Electric grid station, a testament to its technical strength and growing capacity.
The board commended the leadership of CEO Muhammad Saleem Shaikh, attributing the company”s progress to transparency and strategic planning. In a further move to institutionalize its financial practices, the board also approved a Draft Dividend Policy to ensure future profit distributions strictly comply with regulatory and corporate governance requirements.
Termed a positive signal for the provincial power sector, the development aligns with the government”s vision to strengthen the electricity transmission network for industrial, commercial, and residential consumers. Management has been directed to ensure the timely payment of dividends in accordance with the Companies Act 2017, as the board reaffirmed its confidence in STDC”s commitment to advancing sectoral reforms.