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| NHPC pays final dividend of Rs. 249.44 crore to Government of India for 2020-21 | | |  Early Times Report
JAMMU, Oct 26: NHPC, a premier hydro power Company and a ‘Mini Ratna’ Category-I enterprise of Government of India has paid a final dividend of Rs. 249.44 crore to Government of India for 2020-21. A K Singh, CMD, NHPC handed the payment intimation advice to R K Singh, Minister of Power and New & Renewable Energy at New Delhi.
In addition, an interim dividend of Rs. 890.85 Crore for 2020-21 was paid on March 5, 2021 aggregating total dividend of Rs. 1140.28 Crore for 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 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 5, 2021.
Thus, 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 total dividend pay-out for 2020-21 including interim dividend worked out to Rs. 1607.21 crore as against Rs. 1506.76 crore for 2019-20.
NHPC had earned 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.
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