Saturday, May 14, 2022

NHPC pays interim dividend of Rs 933.61 crore to Govt for FY 2021-22

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New Delhi: NHPC Limited has paid an interim dividend of Rs 933.61 crore to the Government for the financial year 2021-22 recently. The dividend payout bank advice was presented to Union Minister of Power, New and Renewable Energy RK Singh by NHPC CMD AK Singh on March 10 in the presence of Ministry of Power’s Secretary Alok Kumar (lAS) and NHPC’s Director (Technical) YK Chaubey, Director (Finance) RP Goyal, Executive Director (Finance) KK Goel and Executive Director (Finance) Sanjay Kumar Madan.

NHPC had already paid Rs 249.44 crore to the government during the current fiscal 2021-22 on account of the final dividend for the financial year 2020-21. Thus, NHPC has paid a total dividend of Rs 1,183.05 crore to the government during the financial year 2021-22.

The Board of Directors of the company in its meeting held on February 11 had declared an interim dividend at the rate of Rs 1.31 per equity share i.e. 13.10 percent of the face value. As of today, NHPC has more than eight lakh shareholders and the 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 a total outflow of Rs 1,255.63 crore for the financial year 2020-21 in addition to a final dividend of Rs 0.35 per share with a total outflow of Rs 351.58 crore. Thus, a total dividend of Rs 1.60 per share with a total outflow of Rs 1,607.21 crore had been paid for the financial year 2020-21.

In terms of Department of Investment & Public Asset Management (DIPAM) guidelines dated May 27, 2016, on capital restructuring of CPSEs, each CPSU would pay a minimum annual dividend at the rate of 30 percent of net profit or 5 percent of net worth, whichever is higher. In line with the DIPAM guidelines, NHPC had paid a total dividend of Rs 1607.21 crore i.e. 5.08 percent of the net worth 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 a net profit of Rs 3,233.37 crore for the financial year 2020-21.

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