PSU NEWS
NSPCL pays total interim dividend of Rs 120 cr to NTPC and SAIL
NEW DELHI .NTPC-SAIL Power Company Ltd (NSPCL) 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.
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.
NSPCL is a 50:50 joint venture of two Maharatna companies, NTPC Limited and Steel Authority of India Limited (SAIL).
Read Also : NSE Nifty Next 50 to be launched today
News Must Read
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24
- RuPay Unveils Link it, Forget it Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
- NTPC Green Energy Limited Inks MoU with Indus Towers Limited
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms