Home India NSPCL pays Dividend of Rs. 120 crore for FY 2015-16
NSPCL pays Dividend of Rs. 120 crore for FY 2015-16

NSPCL pays Dividend of Rs. 120 crore for FY 2015-16

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Shri Manash Sarkar, CEO, NSPCL along with Shri S. V. Shahi, CFO, NSPCL presented the final dividend cheque today to Shri Gurdeep Singh, CMD, NTPC. Shri A. K. Jha, Dir (Technical), Shri S. C. Pandey, Dir (Proj), Shri Saptarshi Roy, ED (CP& CC) and Shri K. K. Sharma, Dir (O) & Chairman NSPCL were also present on the occasion. NTPC-SAIL Power Company Pvt Ltd (NSPCL), a 50:50 joint venture of the two Maharatna companies, NTPC Limited and Steel Authority of India Limited (SAIL), paid a total dividend of Rs. 120.00 crores which included interim dividend of Rs.100 crore and Final dividend of Rs. 20 crore which works out to 12.24% of paid up equity capital share capital. The Dividend and Dividend distribution tax amounts to 58.50% of Profit After Tax of Company achieved for financial year 2015-16.

Ever since its inception in March 2001, NSPCL has been a continuous dividend paying company. Since Inception, the Turnover & Profit After Tax of the Company grew at CAGR of 13.80% & 17.28% respectively. NSPCL recorded a total income of Rs.2299.87 crore for Financial Year 2015-16 with profit before tax (PBT) of Rs.262.06 crore and a Profit After Tax (PAT) of Rs. 246.84 crore.

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Anand Gupta Editor - EQ Int'l Media Network

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