Tuesday 23rd April 2024

NHPC Pays Final Dividend of Rs. 249.44 Crore to Govt. of India for the FY 2020-21

Oct 26th, 2021 4:13 pm | By | Category: SPECIAL NEWS COVERAGE

NHPC, a premier hydro power Company and a ‘Mini Ratna’ Category-I Enterprise of the Government of India has paid a final dividend of Rs. 249.44 Crore to Government of India for the F.Y. 2020-21 on October 21, 2021.A.K. Singh CMD, NHPC handed the payment intimation advice to R.K. Singh, Cabinet Minister of Power and New & Renewable Energy at New Delhi on 26.10.2021 in the presence of Alok Kumar, Secretary (Power), Govt. of India and S.K.G. Rahate,Additional Secretary (Power), Govt. of India. N.K. Jain, Director (Personnel), NHPC, YK. Chaubey, Director (Technical), NHPC, R.P. Goyal, Director (Finance), NHPC, Biswajit Basu, Director (Projects), NHPC and K.K. Goel, Executive Director (Finance), NHPC were also present on the occasion. In addition, an interim dividend of Rs. 890.85 Crore for the F.Y. 2020-21 was paid on March 05, 2021 aggregating total dividend of Rs. 1140.28 Crore for the F.Y. 2020-21.

The Board of Directors of the Company in its meeting held on 10th June 2021 had recommended a final dividend at the rate of Rs. 0.35 per Equity share i.e. 3.50% of the face value for the F. Y. 2020-21 which was approved in AGM on September 29, 2021. In addition, an interim dividend at the rate of Rs. 1.25 per Equity share i.e. 12.50% of the face value was paid on March 05, 2021. Thus, total dividend of Rs. 1.60/- per share has been paid for the F.Y. 2020-21. NHPC today has seven lakh shareholders (approx.) and total dividend pay-out for the F.Y. 2020-21 including interim dividend worked out to Rs. 1607.21 crore as against Rs. 1506.76 Crore for FY 2019.20. In terms of Department of Investment & Public Asset Management (DIPAM) Guidelines dated May 27, 2016 on Capital Restructuring of CPSEs, each CPSU is required to pay a minimum annual dividend at the rate of 30% of PAT or 5% of Net worth, whichever is higher. In line with the ibid guidelines, NHPC has paid total dividend of Rs. 1607.21 crore which works out to 5.08% of net worth of the Company and 49.71% of PAT for the F.Y. 2020-21.

NHPC had earned net profit of Rs. 3233.37 crore for the F.Y. 2020-21 as against the previous period corresponding figure of Rs. 3007.17 crore.

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