NHPC pays Rs. 1984.61 crore dividend

ITANAGAR | Oct 17 |NHPC Limited, has paid a dividend of Rs. 76.43 crore to GoI for 2016-17 fiscal besides  interim dividend of Rs. 1402.21 crore paid January last.

The aggregate dividend paid amounted to Rs. 1478.64 crore out of total dividend of 1984.61 crore, an NPHC release said.

In its 41st annual general meeting on 2709.17, final dividend @ 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 last was approved. NHPC today has more than 7.60 lakh shareholders and its total dividend pay-out was Rs. 1660.61 crore for 2015-16 fiscal.

NHPC had earned PAT of Rs. 2795.59 crore for 2016-17 as against the previous year’s  Rs. 2429.89 crore.

The dividend payout bank advice for an amount of Rs 76.43 crore was presented to Union MoS (Power & New & Renewable Energy)  R. K. Singh by NHPC  CMD Balraj Joshi recently.

NHPC is India’s premier hydropower company and a ‘Mini Ratna’ category-I enterprise of the GoI.

 

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