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| NHPC pays final dividend of Rs. 356.34 Cr to Govt of India for FY 2021-22 | | |  Early Times Report
JAMMU, Oct 21: NHPC, a premier hydro power Company and a 'Mini Ratna' Category-I Enterprise of the Government of India has paid a final dividend of Rs. 356.34 Crore to Government of India for the F.Y. 2021-22 on 19th September 2022. The dividend payout bank advice was presented to R.K. Singh, Union Minister of Power, New and Renewable Energy by Y.K. Chaubey, CMD, NHPC on the 21st October 2022 in the presence of Alok Kumar, Secretary (Power), Government of India and R.P. Goyal, Director (Finance) and S.N. Upadhyay, Executive Director (Finance) from NHPC.
In addition, an interim dividend of Rs. 933.61 Crore for the F.Y. 2021-22 was paid on 4th March 2022 aggregating total dividend of Rs. 1289.95 Crore for the F.Y. 2021-22.
The Board of Directors of the Company in its meeting held on 25th May, 2022 had recommended a final dividend at the rate of Rs. 0.50 per Equity share i.e. 5.00% of the face value for the F.Y. 2021-22 which was approved in AGM on 25th August 2022. In addition, an interim dividend at the rate of Rs. 1.31 per Equity share i.e. 13.10% of the face value was paid on 4th March, 2022. Thus, total dividend of Rs. 1.81/- per Equity share i.e. 18.10% of the face value has been paid for the F.Y. 2021-22. NHPC today has more than eight lakh shareholders and total dividend pay-out for the F.Y. 2021-22 including interim dividend worked out to Rs. 1818.15 crore as against Rs. 1607.21 Crore for F.Y. 2020-21.
In terms of Department of Investment & Public Asset Management (DIPAM) Guidelines dated 27th May 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 Net worth, whichever is higher. In line with the ibid guidelines, NHPC has paid total dividend of Rs. 1818.15 crore which works out to 5.43% of net worth of the Company and 51.39% of PAT for the F.Y. 2021-22.
NHPC had earned net profit of Rs. 3537.71 crore for the F.Y. 2021-22 as against the previous period corresponding figure of Rs. 3245.06 crore. |
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