NTPC—SAIl Power Company Pvt ltd (NSPCl), a joint venture of two Maharatna companies, Steel Authority of India limited and NTPC limited, paid a dividend of Rs 66.18 crore each to both the shareholders.
The cheque was handed over to SAIl Chairman CS Verma by CEO NSPCl, KK Sharma in the presence of SAIl directors and CFO, NSPCl.
Ever since its inception in March 2001, NSPCl has been a continuous dividend paying company and for the year 2012-13.
NSPCl has paid out dividend of Rs 132.36 crore which works out to 13.5 per cent of equity capital. NSPCl recorded a total income of Rs 2582.90 crore during 2012-13 with highest ever net profit after tax at Rs 248.06 crore and total power generation for year stood at 6631.63 million units. Bhilai PP III secured sixth place among all the coal based plants in the country during 2012-13.