New Delhi, Mar 11:
Hydro-power major NHPC on Friday said that the company has paid an interim dividend of Rs 933.61 crore to the government for financial year 2021-22.
“NHPC had already paid Rs 249.44 crore to Government of India during the current fiscal 2021-22 on account of final dividend for the financial year 2020-21. Thus, NHPC has paid total dividend of Rs 1183.05 crore to Government of India during the financial year 2021-22,” the public sector company said in a statement.
The Board of NHPC in its meeting held in February had declared an interim dividend at the rate of Rs 1.31 per equity share i.e. 13.10 per cent of the face value.
NHPC today has more than 8 lakh shareholders and total interim dividend pay-out for the financial year 2021-22 worked out to Rs 1,315.90 crore.
The company had paid an interim dividend of Rs 1.25 per share with total outflow of Rs 1,255.63 crore for the financial year 2020-21 in addition to final dividend of Rs 0.35 per share with total outflow of Rs 351.58 crore.
“Thus, total dividend of Rs 1.60 per share with total outflow of Rs 1,607.21 crore had been paid for the financial year 2020-21,” it said.
As per Department of Investment & Public Asset Management (DIPAM) guidelines, each central public sector enterprise (CPSE) has to pay a minimum annual dividend at the rate of 30 per cent of Profit after Tax (PAT) or 5 per cent of networth, whichever is higher.
Accordingly, NHPC had paid total dividend of Rs 1,607.21 crore (5.08 per cent of networth of the company) for the financial year 2020-21.
NHPC had earned net profit of Rs 2,977.62 crore for the nine months ended FY’22 as against the previous period corresponding figure of Rs 2,829.16 crore. The company had earned net profit of Rs 3,233.37 crore for the financial year 2020-21.
(UNI)
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