PSU PRESS RELEASE
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),
Read Also : India and Bangladesh to Renew Collaboration on Civil Service Training
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station