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NHPC pays 526.53 crore interim dividend to government

  • The NHPC has more than seven lakh shareholders and total interim payout for 2018-19 worked out to 713.20 crore
  • The dividend payout bank advice was presented to Power Minister R K Singh by NHPC Chairman and Managing Director Balraj Joshi 

NEW DELHI : State-run hydro power giant NHPC on Wednesday paid an interim dividend of 526.53 crore to the central government for 2018-19.

The dividend payout bank advice was presented to Power Minister R K Singh by NHPC Chairman and Managing Director Balraj Joshi on Wednesday, a company statement said.

The board of directors of the company in its 422nd meeting held on February 8 had declared an interim dividend at the rate of 0.71 per equity share i.e. 7.10 per cent of the face value.

The NHPC has more than seven lakh shareholders and total interim payout for 2018-19 worked out to 713.20 crore. The company had paid the total dividend of 1,436.31 crore at the rate of 1.40 per share for 2017-18 that includes an interim dividend of 1,149.05 crore at the rate of 1.12 per share and final dividend of 287.26 crore at the rate of 0.28 per share.


According to the Department of Investment and Public Asset Management guidelines issued in May 2016 on the Capital Restructuring of CPSEs, each CPSE would pay a minimum annual dividend at the rate of 30 per cent of profit after tax (PAT) or 5 per cent of net worth, whichever is higher.

In line with the guidelines, NHPC had paid the total dividend of 1,436.31 crore i.e. 5.07 per cent of net worth and 52.07 per cent of the PAT of the company for 2017-18.

NHPC had earned a net profit of 2,138.26 crore for the nine months ended December 2018, against 2569.23 crore the year-ago period. The company had earned a net profit of 2,758.65 crore for 2017-18. PTI KKS HRS

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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