NTPC-SAIL Power Company Pvt Ltd pays a dividend of Rs.120.00 crores

NSPCLpays Dividend

New Delhi: October18, 2016:

NTPC-SAIL Power Company Pvt Ltd (NSPCL), a 50:50 joint venture of 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.100crore and Final dividend of Rs.20 crore, which works out to 12.24% of paid up equity capital share capital, to its promoters. 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.2299.87croreforFinancial Year 2015-16 with profit before tax (PBT) of Rs.262.06crore and a Profit After Tax (PAT) of Rs. 246.84crore.

ShriManashSarkar, CEO, NSPCL along withShri S. V. Shahi,CFO, NSPCL presented the final dividend cheque of Rs. 10.00 crore toShriP. K. Singh, Chairman, SAIL.Shri Anil Choudhary, Director(Fin) SAIL andShri Raman, Director (Technical) SAIL were also present on the occasion.