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NSPCL pays dividend to SAIL

Feb 18th, 2016 3:29 pm | By | Category: LATEST NEWS


NTPC-SAIL Power Company Pvt. Ltd. (NSPCL), a joint venture of two Maharatna companies,
NTPC Limited and Steel Authority of India Limited, paid interim dividend of Rs. 100 crores for
the year 2015-16, which works out to 10.20% of paid up equity capital. Manash Sarkar,
CEO, NSPCL presented the dividend cheque of Rs. 50.00 crore to P.K Singh, Chairman, SAIL
at the SAIL Corporate recently in Delhi. A.K. Choudhary, Director
(Finance), SAIL; S.S. Mohanty, Director (Technical) SAIL; G. Vishwakarma, Director
(Projects) SAIL and S.V. Shahi, CFO, NSPCL were also present at the cheque presentation
ceremony. During financial year 2014-15, the company paid total dividend of Rs. 100 crores which included
interim dividend of Rs.80 crore and Final dividend of Rs.20 crore which also works out 10.20%
of paid up equity capital share capital. The Dividend and Dividend distribution tax amounts to
52.80% of Profit After Tax of Company, achieved during financial year 2014-15.
The Interim Dividend and Dividend distribution tax for the current year 2015-16, works out to
91.39% of Profit After Tax of Company achieved during Nine Month Period of April-
December’2015. Ever since its inception in March 2001, NSPCL has been a continuous dividend
paying company. NSPCL recorded a total income of Rs.1737.86crore during April-December’2015 (Rs.1669.05
crore during April-December 2014) with Profit Before Tax (PBT) at Rs.149.95 crore and a Profit
After Tax (PAT) of Rs. 131.69 crore (PBT of Rs. 174.47 crore and PAT of Rs.146.41 crore during
April-December 2014).

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