NSPCL pays 120 Cr interim dividend to NTPC & SAIL

In an Indian Bureaucracy PSU news update, NTPC-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.