NHPC pays interim dividend of Rs933.61 crore to govt for FY22

14 Mar 2022 , 09:08 AM

NHPC Limited, India’s premier hydropower company and a ‘Mini Ratna’ Category-I Enterprise of the Government of India has paid an interim dividend of Rs933.61 crore to Government of India for the financial year 2021-22 on March 4, 2022.

The dividend payout bank advice was presented to R.K. Singh, Hon’ble Union Minister of Power, New and Renewable Energy by A.K. Singh, CMD, NHPC on March 10th 2022 in the presence of Alok Kumar, Secretary (Power) Government of India and Y.K. Chaubey, Director (Technical), R.P. Goyal, Director (Finance), K.K. Goel, Executive Director (Finance) and Sanjay Kumar Madan, Executive Director (Finance) from NHPC.

NHPC had already paid Rs249.44 crore to Government of India during the current fiscal 2021-22 on account of final dividend for the financial year 2020-21. Thus, NHPC has paid total dividend of Rs1183.05 crore to Government of India during the financial year 2021-22.

The Board of Directors of the Company in its meeting held on February 11, 2022 had declared an interim dividend at the rate of Rs1.31 per Equity share i.e. 13.10% of the face value.

As per the govt released data, NHPC today has more than eight lakh shareholders and total interim dividend pay-out for the financial year 2021-22 worked out to Rs1315.90 crore. The Company had paid an interim dividend of Rs1.25 per share with total outflow of Rs1255.63 crore for the financial year 2020-21 in addition to final dividend of Rs0.35 per share with total outflow of Rs351.58 crore. Thus, total dividend of Rs1.60 per share with total outflow of Rs1607.21 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% of PAT or 5% of Net worth, whichever is higher. In line with the ibid guidelines, NHPC had paid total dividend of Rs1607.21 crore i.e. 5.08% of net worth of the Company for the financial year 2020-21.

NHPC had earned net profit of Rs2977.62 crore for the nine months ended FY’22 as against the previous period corresponding figure of Rs2829.16 crore. The Company had earned net profit of Rs3233.37 crore for the financial year 2020-21.