NHPC pays dividend of Rs 1984.61 cr - watsupptoday.com
NHPC pays dividend of Rs 1984.61 cr
Posted 13 Oct 2017 03:30 PM

Agencies
NHPC Limited, India’s premier hydro power company and a ‘Mini Ratna’ Category-I Enterprise of the Government of India, has paid a final dividend of Rs 76.43 crore to Government of India for the financial year 2016-17 in addition to interim dividend of Rs 1402.21 crore paid in the month of January, 2017. The aggregate dividend payout share of Government of India for the financial year 2016-17 comes to Rs 1478.64 crore out of total dividend of 1984.61 crore.
In its 41st annual general meeting held on 27th September 2017, final dividend at the rate of Rs. 0.10/- per Equity share (i.e. @1%) excluding interim dividend of Rs. 1.70 per equity share i.e. 17% of the face value already paid in January 2017 was approved by members of the Company. NHPC today has more than 7.60 lakh shareholders and total dividend pay-out for the year 2016-17 including interim dividend worked out to Rs 1984.61 crore, as against Rs 1660.61 crore for the financial year 2015-16. The dividend pay-out for the financial year 2016-17 comes to 71% of profit after Tax (PAT) in comparison to 68% of PAT for the financial year 2015-16.
NHPC had earned PAT of Rs 2795.59 crore for the financial year 2016-17 as against the previous year corresponding figure of Rs 2429.89 crore.
The dividend payout bank advice for an amount of Rs 76.43 crore was presented to R K Singh, Union Minister of State (Independent Charge) for Power and New & Renewable Energy by Balraj Joshi, CMD, NHPC Limited on 12th October 2017 in the presence of Ajay Kumar Bhalla, Secretary (Power), Govt of India, Ratish Kumar, Director (Projects), N K Jain, Director (Personnel), M K Mittal, Director (Finance) and other senior officers of Ministry of Power and NHPC Limited.

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