 Early Times Report
Jammu, Mar 16: NHPC, a premier hydro power company and a 'Mini Ratna' Category-I Enterprise of the Government of India has paid an interim dividend of Rs 849.80 crore to Government of India for the financial year 2017-18.
The dividend payout bank advice for an amount of Rs 849.80 crore was presented to R.K. Singh, Minister of State (Independent charge), Power and New & Renewable Energy, Govt. of India by Balraj Joshi, CMD, NHPC on March 15, 2018 in the presence of Ajay Kumar Bhalla, Secretary (Power) Government of India alongwith Shri Ratish Kumar, Director (Projects), N.K. Jain, Director (Personnel) and Mahesh Kumar Mittal, Director (Finance) from NHPC. The Board of Directors of the Company in its 412th meeting held on 12th February 2018 had declared an interim dividend at the rate of Rs. 1.12 per Equity share i.e. 11.20% of the face value. NHPC today has more than seven lakh shareholders and total interim dividend pay-out for the financial year 2017-18 worked out to Rs 1149.05 crore. NHPC had earned net profit of Rs. 2569.23 crore for the nine months ended FY'18 as against the previous period corresponding figure of Rs. 2627.17 crore. The company had earned net profit of Rs. 2795.59 crore for the financial year 2016-17. |
