NHPC pays final dividend of Rs 249.44 crore to Indian govt for FY 2020-21
In addition, an interim dividend of Rs. 890.85 Crore for the FY 2020-21 was paid on March 05,2021 aggregating total dividend of Rs. 1140.28 Crore for the FY 2020-21.
NHPC, a premier hydropower company and a ‘Mini Ratna’ Category-I Enterprise has paid a final dividend of Rs. 249.44 Crore to the Indian government for the FY2020-21 on October 21, 2021. AK Singh, CMD, NHPC handed the payment intimation advice to RK Singh, Union Minister of Power and New & Renewable Energy at New Delhi on October 26 in the presence of Alok Kumar, Secretary (Power) and SKG Rahate, Additional Secretary (Power).
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In addition, an interim dividend of Rs. 890.85 Crore for the FY 2020-21 was paid on March 05,2021 aggregating total dividend of Rs. 1140.28 Crore for the FY 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 percent of the face value for the FY 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 percent of the face value was paid on March 05,2021. Thus, total dividend of Rs. 1.60/- per share has been paid for the FY 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 F.Y. 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 percent of PAT or 5 percent 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 percent of PAT for the FY 2020-21.
NHPC had earned net profit of Rs. 3233.37 crore for the FY 2020-21 as against the previous period corresponding figure of Rs. 3007.17 crore. NHPC Limited stock lost 2.16% to close at Rs 31.70 on Tuesday.
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