NSPCL pays Dividend

NSPCL pays Dividend

New Delhi.NTPC-SAIL Power Company Pvt Ltd  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, to its promoters.
 
Shri Manash Sarkar, CEO, NSPCL along with Shri S. V. Shahi, CFO, NSPCL presented the final dividend cheque of Rs. 10.00 crore to Shri P. K. Singh, Chairman, SAIL. Shri Anil Choudhary, Director (Fin) SAIL and Shri Raman, Director (Technical) SAIL were also present on the occasion.
 
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.NSPCLis a 50:50 joint venture of two Maharatna companies, NTPC Limited and Steel Authority of India Limited (SAIL),

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