New Delhi: NHPC, a premier hydro power company and a ‘Mini Ratna’ Category-I enterprise of the Government of India, has paid a final dividend of Rs 249.44 crore to the Centre for FY 2020-21. AK Singh, CMD, NHPC, handed the payment intimation advice to RK Singh, Union Minister of Power and New & Renewable Energy, here in the presence of Alok Kumar, Secretary, Power, and SKG Rahate, Additional Secretary, Power. In addition, an interim dividend of Rs 890.85 crore for FY 2020-21 was paid on March 5, 2021 aggregating total dividend of Rs 1140.28 crore for FY 2020-21.

The Board of Directors of the company in its meeting held on June 10, 2021 had recommended a final dividend at the rate of Rs 0.35 per equity share, that is, 3.50 per cent of the face value for FY 2020-21, which was approved in AGM on September 29, 2021. In addition, an interim dividend at the rate of Rs 1.25 per equity share, that is, 12.50 per cent of the face value was paid on March 5, 2021. Thus, a total dividend of Rs 1.60 per share has been paid for FY 2020-21.

NHPC today has around seven lakh shareholders and total dividend pay-out for FY-2020-21 including interim dividend worked out to Rs 1607.21 crore as against Rs 1506.76 crore for FY-2019.20. In terms of Department of Investment & Public Asset Management (DIPAM) Guidelines dated May 27, 2016 on capital restructuring of CPSEs, each CPSU is required to pay a minimum annual dividend at the rate of 30 per cent of PAT or 5 per cent of net worth, whichever is higher.

In line with the ibid guidelines, NHPC has paid a total dividend of Rs 1607.21 crore which works out to 5.08 per cent of net worth of the company and 49.71 per cent of PAT for FY- 2020-21. NHPC had earned net profit of Rs 3233.37 crore for FY-2020-21 as against the previous period corresponding figure of Rs 3007.17 crore. /BI/