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NSPCL pays Dividend

Oct 18th, 2016 7:01 am | By | Category: LATEST NEWS

Dividend SAIL

Thenewsmanofindia.com
New Delhi: October 17, 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.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. 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.2299.87 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.
Manash Sarkar, CEO, NSPCL along with S. V. Shahi, CFO, NSPCL presented the final dividend cheque of Rs. 10.00 crore to P. K. Singh, Chairman, SAIL. Shri Anil Choudhary, Director (Fin) SAIL and Raman, Director (Technical) SAIL were also present on the occasion.

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