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NHPC pays to govt Rs 891 cr as interim dividend for FY21

NHPC pays to govt Rs 891 cr as interim dividend for FY21

State-owned hydropower giant

NHPC

on Friday said it has paid Rs 890.85 crore as an interim pidend to the Centre for the financial year ending March 31, 2021.

NHPC Chairman and Managing Director A K Singh handed over pidend payout advice to Minister of State for Power and New & Renewable Energy R K Singh in the presence of Power Secretary Alok Kumar and other senior officials of the ministry and NHPC, the company said in a statement.

“NHPC has paid an interim pidend of Rs 890.85 crore to Government of India for the financial year 2020-21 on March 5, 2021,” it said.

The company further said it has recorded a net profit of Rs 2,829.16 crore for the nine months ended December 2020, against the previous period corresponding figure of Rs 2,624.26 crore. The company had earned a net profit of Rs. 3,007.17 crore for the financial year 2019-20.

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