CMD, NHPC Limited, Balraj Joshi presenting dividend cheque to Union MoS for Power, R.K Singh at New Delhi.
STATE TIMES NEWS
New Delhi: NHPC Limited on Thursday 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 1,402.21 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 1,478.64 crore out of total dividend of Rs 1,984.61 crore.
In its 41st Annual General Meeting held on September 27, 2017, final dividend at the rate of Rs 0.10 per equity share (i.e, @1 per cent) excluding interim dividend of Rs. 1.70 per equity share i.e, 17 per cent 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 1,660.61 crore for the financial year 2015-16. The dividend pay-out for the financial year 2016-17 comes to 71 per cent of Profit After Tax (PAT) in comparison to 68 per cent of PAT for financial year 2015-16.
NHPC had earned PAT of Rs 2,795.59 crore for the financial year 2016-17 as against the previous year corresponding figure of Rs 2,429.89 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 October 12, 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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