NHPC pays final dividend of Rs 552 cr to the government

New Delhi, November 1 () State hydropower giant NHPC said Friday that it paid a final dividend of Rs 552.45 million to the central government for 2018-19.

NHPC has paid a final dividend of Rs 552.45 crore to the Government of India for 2018-19, according to a company statement.

The president and CEO of the NHPC, Balraj Joshi, delivered the dividend payment council to Energy Minister R K Singh on Friday.

The company said that, in addition, the provisional dividend of Rs 526.53 rupees for 2018-19 was paid in March 2019, adding a total dividend of Rs 1,078.98 rupees for 2018-19.

Currently, the central government owns 73.11 percent of the company's paid capital.

At their 43rd annual general meeting held on September 23, company members approved the final dividend at a rate of 0.75 rupees per share (7.50 percent of nominal value).

In addition, the company's board of directors approved at its meeting on February 8 a dividend on account of 0.71 rupees per share (7.10 percent of the nominal value).

Therefore, the total dividend of Rs 1.46 per share has been paid for 2018-19. The total dividend payment for 2018-19, including the interim dividend, is estimated at Rs 1,466.58 rupees, compared to Rs 1,436.31 rupees for 2017-18. Currently, NHPC has about seven Lakh shareholders. NHPC had obtained a net profit of Rs 2,630.55 rupees for 2018-19, compared to Rs 2,769.03 rupees in the previous year. KKS HRS