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NHPC pays Rs 249 crore dividend to government for 2020-21

NHPC today has seven lakh shareholders (approx) and total dividend pay-out for the FY 2020-21, including interim dividend, worked out to Rs 1,607.21 crore as against Rs 1,506.76 crore for 2019.20, it said.

October 26, 2021 / 08:20 PM IST
(Representative Image)

(Representative Image)

 
 
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State-owned hydro power giant NHPC has paid the final dividend of Rs 249.44 crore to the government for 2020-21.

NHPC has paid a final dividend of Rs 249.44 Crore to the Government of India for 2020-21 on October 21, a power ministry statement said.

According to the statement, NHPC CMD AK Singh handed the payment intimation advice to R K Singh, Union Minister for Power and New & Renewable Energy, here on October 26, 2021, in the presence of Power Secretary Alok Kumar.

In addition, it said that an interim dividend of Rs 890.85 crore for 2020-21 was paid on March 05, 2021, aggregating a total dividend of Rs 1,140.28 crore for 2020-21.

The Board of Directors in its meeting held on June 10 had recommended a final dividend at the rate of Rs 0.35 per equity share i.e. 3.50 per cent of the face value for 2020-21, which was approved in AGM on September 29, 2021.

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An interim dividend at the rate of Rs 1.25 per equity share i.e. 12.50 per cent of the face value was paid on March 05, 2021.

Thus, a total dividend of Rs 1.60 per share has been paid for 2020-21.

NHPC today has seven lakh shareholders (approx) and total dividend pay-out for the FY 2020-21, including interim dividend, worked out to Rs 1,607.21 crore as against Rs 1,506.76 crore for 2019.20, it said.

In terms of the 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 per cent of PAT (profit after tax) or 5 per cent of net worth, whichever is higher.

In line with the guidelines, NHPC has paid a total dividend of Rs 1,607.21 crore or 5.08 per cent of the net worth and 49.71 per cent of PAT for 2020-21.

NHPC had earned a net profit of Rs 3,233.37 crore for 2020-21 against Rs 3,007.17 crore a year ago.
PTI
first published: Oct 26, 2021 08:20 pm

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