NSPCl pays 120 crore as dividend

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Manash Sarkar, CEO, NSPCl along with S. V. Shahi, CFO, NSPCl presented the final dividend cheque to Gurdeep Singh, CMD, NTPC. A. K. Jha, Dir (Technical), S. C. Pandey, Dir (Proj), Saptarshi Roy, ED (CP& CC) and K. K. Sharma, Dir (O) and Chairman NSPCl were also present on the occasion.

NTPC-SAIl Power Company Pvt ltd (NSPCl), a 50:50 joint venture of the 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. The Dividend and Dividend distribution tax amounts to 58.50% of Profit After Tax of Company achieved for financial year 2015-16.

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