NSPCL pays dividend

NSPCL pays dividend

NTPC-SAIL Power Company Pvt Ltd (NSPCL), a joint venture of two Maharatna companies, NTPC Limited and Steel Authority of India Limited , paid interim dividend of Rs. 100.00 crores for the year 2015-16, which works out to 10.20% of paid up equity capital .

Shri Manash Sarkar, CEO, NSPCL alongwith Shri S V Shahi ,CFO, NSPCL presented dividend cheque of Rs. 50.00 crore to Shri Gurdeep Singh ,CMD, NTPC , during the cheque presentation from NTPC Shri A.K.Jha Dir (T), Shri S.C.Pandey Dir (Proj), Shri U.P.Pani, Dir (HR), Shri K.Biswal Dir (F) & Shri K.K.Sharma , Dir (O) & Chairman NSPCL were present.

During financial year 2014-15, the company paid total dividend of Rs. 100.00 crores which included interim dividend of Rs.80 crore and Final dividend of Rs.20 crore which also works out to 10.20% of paid up equity capital share capital. The Dividend and Dividend distribution tax amounts to 52.80% of Profit After Tax of Company achieved during financial year 2014-15.

The Interim Dividend and Dividend distribution tax for the current year 2015-16, works out to 91.39% of Profit After Tax of Company achieved during Nine Month Period of April-December’2015. Ever since its inception in March 2001, NSPCL has been a continuous dividend paying company.

NSPCL recorded a total income of Rs.1737.86 crore during April-December’2015 (Rs. 1669.05 crore during April-December 2014)   with  profit before tax (PBT) at Rs.149.95 crore and a Profit After Tax (PAT) of Rs. 131.69 crore (PBT of Rs. 174.47 crore and PAT of Rs.146.41 crore during April-December 2014)   .