Millennium Post

NHPC pays highest ever interim dividend of `1882 crore

NHPC pays highest ever interim dividend of `1882 crore
NHPC Limited, India's premier hydro power company and a 'Mini Ratna' Category-I Enterprise of the Government of India has paid an interim dividend of Rs1402.21 crore to Government of India for the financial year 2016-17.

The dividend payout bank advice for an amount of Rs 1402.21 crore was presented to PiyushGoyal, Minister of State (Independent charge) for Power, Coal and New & Renewable Energy and Mines.
The NHPC Board had declared an interim dividend at the rate of Rs1.70/- per Equity share i.e. 17% of the face value of share.

NHPC on Wednesday has more than eight lakh shareholders and total interim dividend of Rs 1882.02 crore has been paid for the year 2016-17as against total dividend of Rs1660.61 crore for the financial year 2015-16 (including interim dividend of Rs 1018.50crore). NHPC has earned net profit of Rs 2627.17crore for the nine months ended December 2016 for the financial year 2016-17 as against the previous period corresponding figure of Rs2184.41crore.

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