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. 890.85 crore to Government of India for the financial year 2020-21 on March 5th, 2021.
The dividend payout bank advice was presented to Shri R.K. Singh, Minister of State (Independent Charge) (Power and New & Renewable Energy) & Minister of State (Skill Development and Entrepreneurship) by Shri A.K. Singh, CMD, NHPC on March 12th 2020 in the presence of Shri Alok Kumar, Secretary (Power) Government of India, Shri S.K.G. Rahate, Additional Secretary (Power) Government of India, Shri Tanmay Kumar, Joint Secretary (Hydro), Ministry of Power and Shri N.K. Jain, Director (Personnel), Shri R.P. Goyal, Director (Finance), Shri Biswajit Basu, Director (Projects) and Shri H.S. Puri, Chief General Manager (Finance) from NHPC. NHPC had already paid Rs. 228.06 crore to Government of India during the current fiscal 2020-21 on account of final dividend for the financial year 2019-20. Thus, NHPC has paid total dividend of Rs. 1118.91 crore to Government of India during the financial year 2020-21.
Board of Directors of the Company in its meeting held on 11th February 2021 had declared an interim dividend at the rate of Rs. 1.25 per Equity share i.e. 12.50% of the face value. NHPC today has seven lakh shareholders (approx.) and total interim dividend pay-out for the financial year 2020-21 worked out to Rs 1255.63 crore. The Company had paid an interim dividend of Rs. 1.18 per share with total outflow of Rs. 1185.31 crore for the financial year 2019-20 in addition to final dividend of Rs. 0.32 per share with total outflow of Rs. 321.44 crore. Thus, total dividend of Rs. 1.50 per share with total outflow of Rs. 1506.76 crore had been paid for the financial year 2019-20. 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 Rs. 1506.76 crore i.e. 5.03% of net worth of the Company for the financial year 2019-20.
NHPC had earned net profit of Rs. 2829.16 crore for the nine months ended FY’21 as against the previous period corresponding figure of Rs. 2624.26 crore. The Company had earned net profit of Rs. 3007.17 crore for the financial year 2019-20.