NHPC pays a final dividend of Rs 249.44 Crore to the Government of India for FY 2020-21
NHPC, a premier hydropower Company and a ‘Mini Ratna’ Category-I Enterprise of the Government of India has paid a final dividend of Rs. 249.44 Crore to Government of India for the F.Y. 2020-21 on October 21, 2021. Shri A.K. Singh, CMD, NHPC handed the payment intimation advice to Shri R.K. Singh, Union Minister of Power and New & Renewable Energy at New Delhi on 26.10.2021 in the presence of Shri Alok Kumar, Secretary (Power), Govt. of India and Shri S.K.G. Rahate, Additional Secretary (Power), Govt. of India. In addition, an interim dividend of Rs. 890.85 Crore for the F.Y. 2020-21 was paid on March 05, 2021, aggregating a total dividend of Rs. 1140.28 Crore for the F.Y. 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% of the face value for the F.Y. 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% of the face value was paid on March 05, 2021.
Thus, a total dividend of Rs. 1.60/- per share has been paid for the F.Y. 2020-21. NHPC today has seven lakh shareholders (approx.) and the 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% of PAT or 5% of the Net worth, whichever is higher. In line with the ibid guidelines, NHPC has paid a total dividend of Rs. 1607.21 crore which works out to 5.08% of the net worth of the Company and 49.71% of PAT for the F.Y. 2020-21.
NHPC had earned a net profit of Rs. 3233.37 crore for the F.Y. 2020-21 as against the previous period corresponding figure of Rs. 3007.17 crore.
Disclaimer : This is an official press release by PIB.
