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NHPC pays final dividend of Rs 249.44 crore to Govt for FY 2020-21

NHPC Limited has paid a final dividend of Rs 249.44 crore to the government of India for the Financial Year 2020-21 (FY21)
NHPC pays final dividend of Rs 249.44 crore to Govt for FY 2020-21
NHPC pays final dividend of Rs 249.44 crore to Govt for FY 2020-21

New Delhi: NHPC Limited has paid a final dividend of Rs 249.44 crore to the government of India for the Financial Year 2020-21 (FY21). NHPC Limited's Chairman & Managing Director (CMD) AK Singh handed the payment intimation advice to Union Power Minister RK Singh at New Delhi on 26.10.2021 in the presence of Ministry of Power’s Secretary Alok Kumar and Additional Secretary (Power) SKG Rahate. In addition, an interim dividend of Rs 890.85 crore for FY 2020-21 was paid on March 5 aggregating a total dividend of Rs 1,140.28 crore for FY 2020-21.

The board of directors of the company in its meeting held on June 10 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. 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. Thus, a total dividend of Rs 1.60/- per share has been paid for the FY 2020-21. NHPC today has seven lakh shareholders (approx.) and the total dividend pay-out for the FY 2020-21 including interim dividend worked out to Rs 1,607.21 crore as against Rs 1,506.76 crore for FY 2019-20.

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In terms of Department of Investment & Public Asset Management (DIPAM) Guidelines dated on May 27, 2016, on the 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 1,607.21 crore which works out to 5.08 percent of the net worth of the company and 49.71 percent of PAT for the FY 2020-21.

NHPC had earned a net profit of Rs 3,233.37 crore for the FY 2020-21 as against the previous period corresponding figure of Rs 3,007.17 crore.

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