NHPC pays div­i­dend of Rs. 1984.61 crore

The Northlines - - STATE - NL Cor­re­spon­dent Jammu Tawi, Oct 12

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 201516. 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 and Re­new­able En­ergy by Bal­raj Joshi, CMD, NHPC Lim­ited on 12th Oc­to­ber 2017 in the pres­ence of Ajay Ku­mar Bhalla, Sec­re­tary (Power), Govern­ment 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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