In a significant development, NHPC has disbursed a whopping Rs. 502.25 crore as final dividend for the fiscal year 2023-24, translating to Rs. 0.50 per share, as confirmed on September 20, 2024 ¹. Notably, the Government of India, holding a substantial 67.40% stake in NHPC, received Rs. 338.51 crore of this amount.
The total dividend payout for FY 2023-24 stands at an impressive Rs. 1908.56 crore, comprising interim (Rs. 1.40 per share) and final (Rs. 0.50 per share) dividends, totaling Rs. 1.90 per share ². Of this, the Government of India received Rs. 1286.33 crore.
*Dividend Details:*
– _Final Dividend:_ Rs. 502.25 crore @ Rs. 0.50 per share
– _Total Dividend:_ Rs. 1908.56 crore @ Rs. 1.90 per share
– _Government’s Share:_ Rs. 1286.33 crore (67.40% stake)
This substantial payout underscores NHPC’s commitment to rewarding its shareholders, bolstering investor confidence in the company ³. As the energy sector continues to evolve, NHPC’s focus on sustainability and profitability remains pivotal in driving growth.
*Trending Now:* NHPC’s dividend payout comes at a time when the Indian energy sector is witnessing significant transformations, driven by emerging trends like renewable energy, electric vehicles, and smart grids. As India strives to achieve its climate goals, companies like NHPC are poised to play a vital role in shaping the nation’s energy future
