NSPCL Pays Total Interim Dividend of Rs.120 Crore to NTPC & SAIL
Mar 27th, 2017 11:07 am | By ThenewsmanofIndia.com | Category: LATEST NEWSNTPC-SAIL Power Company Ltd (NSPCL), a 50:50 joint venture of two Maharatna companies, NTPC Limited and Steel Authority of India Limited (SAIL), 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. The Dividend and Dividend distribution tax amounts to 59.57% of Profit After Tax of Company achieved for the period April-December 2016.
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.
Government News
- Successful First Flight of LCA Mk1A 03/28/2024
- NMDC excels at Governance Now 10th PSU Awards 03/26/2024
- MCL becomes the first ever Co. to achieve 200 MT coal production 03/24/2024
- THDCIL conferred with “The GEEF Global Environment Award 2024” 03/21/2024
- Defence Secy inaugurates Prototype 1500 HP Engine by BEML 03/20/2024