NSPCL Pays Total Interim Dividend of Rs.120 Crore to NTPC & SAIL

NSPCL Pays Total Interim Dividend of Rs.120 Crore to NTPC & SAIL By : INVC Team Published On : 27 Mar, 2017 10:00 PM IST

INVC NEWS New Delhi, NTPC-SAIL Power Company Ltd (NSPCL), a 50:50 joint venture of two Maharatna companies, NTPC Limited and Steel Authority of India Limited (SAIL), paid interim dividend of Rs.120 crore (Rs.60 crore each to NTPC & SAIL) which works out to 12.24% of paid up equity share capital. The Dividend and Dividend distribution tax amounts to 59.57% of Profit After Tax of Company achieved for the period April-December 2016. For the financial year 2015-16 a total dividend of Rs. 120.00 crores was paid by the Company, which included interim dividend of Rs.100 crore and Final dividend of Rs.20 crore and works out to 12.24% of paid up equity share capital. The Dividend and Dividend distribution tax amounts to 58.50% of Profit After Tax of Company achieved for financial year 2015-16. For the period April-December 2016 NSPCL recorded a provisional and unaudited total income of Rs. 1820.01 crore with Profit Before Tax (PBT) of Rs. 270.69 crore and a Profit After Tax (PAT) of Rs. 242.45 crore. Shri Manash Sarkar, CEO, NSPCL alongwith Shri S. V. Shahi, CFO, NSPCL presented dividend cheque of Rs. 60.00 crore to Shri Gurdeep Singh, CMD, NTPC. Sh. K. K. Sharma D(O) NTPC and Chairman NSPCL and other Directors of NTPC were also present on the occasion. Shri Manash Sarkar, CEO, NSPCL alongwith Shri S. V. Shahi, CFO, NSPCL presented dividend cheque of Rs. 60.00 crore to Shri P. K. Singh, CMD, SAIL in the presence of Directors of SAIL.

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