https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

NHPC Pays Rs 338.51 to Union Govt As Final Dividend For FY 2023-24

The dividend payout bank advice was presented to the Union Minister of Power and Housing and Urban Affairs, Mr. Manohar Lal Khattar, by the NHPC CMD, Mr. RK Chaudhary on September 23rd
Indian Masterminds Stories

PSU NHPC Limited has paid a final dividend of Rs 338.51 crore to the government for the FY 2023-24. In addition to this, the state-owned power entity paid an interim dividend of Rs 947.82 crore for the FY 2023-24 was paid on March 05 aggregating a total dividend of Rs 1286.33 crore for the FY 2023-24.

The dividend payout bank advice was presented to the Union Minister of Power and Housing and Urban Affairs, Mr. Manohar Lal Khattar, by the NHPC CMD, Mr. RK Chaudhary on September 23rd in the presence of Secretary (Power) IAS Pankaj Agarwal (1992 batch), Additional Secretary (Power) IAS Srikant Nagulapalli (1998 batch), Joint Secretary (Hydro) IAS Mohammad Afzal (1995 batch) from Ministry of Power and Mr. R P Goyal, Director (Finance); Mr. Uttam Lal, Director (Personnel) and Mr. Sanjay Kumar Singh, Director (Projects & Technical) from NHPC.

The board of directors of the company in its meeting held on May 17th had recommended a final dividend at the rate of Rs. 0.50 per Equity share i.e. 5.00 percent of the face value for the FY 2023-24 which was approved in AGM on August 28. In addition, an interim dividend at the rate of Rs 1.40 per Equity share i.e. 14.00 percent of the face value was paid on March 05. Thus, total dividend of Rs 1.90/- per Equity share i.e. 19% of the face value has been paid for the FY 2023-24. NHPC has more than 38,00,000 shareholders and total dividend pay-out for the FY 2023-24 including interim dividend worked out to Rs 1908.56 crore as against Rs 1858.33 crore for FY 2022-23.

In terms of the Department of Investment & Public Asset Management (DIPAM) Guidelines dated May 27, 2016 on Capital Restructuring of CPSEs, each CPSU is required to pay a minimum annual dividend at the rate of 30 percent of PAT or 5% of Net worth, whichever is higher. In line with the ibid guidelines, NHPC has paid total dividend of Rs 1908.56 crore which works out to 5.12% of net worth of the company and 50.98 percent of PAT for the FY 2023-24. NHPC had earned net profit of Rs 3743.94 crore for the FY 2023-24 as against the previous period corresponding figure of Rs 3833.79 crore.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Former IAS Officer & Now Politician Jagmohan Singh Raju
Former IAS Officer and Politician Jagmohan Singh Raju Demands Inquiry into Punjab IAS & IPS Officers’ Alleged Misconduct
bureaucracy news
NPPA Director ICAS Richa Pandey’s Term Ends Early; IAS Kalpashree K R Appointed as Joint Secretary (Vigilance) in Andhra Pradesh
Fake IAS Saurabh Tripathi
Photos with CM, Governor Reveal Lucknow’s Fake IAS Officer Saurabh Tripathi’s Lavish Life Using Forged IDs and Beacon-Fitted Cars
IFS Officer Tshering Wangchuk Sherpa
Vietnam Gets New Indian Envoy: IFS Officer Tshering Wangchuk Sherpa Appointed Ambassador | Career Insights
Profile P
Leadership Change in Meghalaya: CS Donald Wahlang to Retire Sept 30; IAS Shakil P. Ahammed Tipped as Successor
Ex-IRS Officer Ganapati Bhat
Impeachment Probe: Ex-IRS Officer Ganapati Bhat Appointed to Committee Investigating Justice Varma
Prabodh Saxena IAS
Himachal Pradesh Chief Secy Prabodh Saxena’s Service Extension Limited to 6 Months by Union Govt Amid Corruption Case, High Court Informed
DRDO MSMEs Defence
DRDO Conclave Empowers MSMEs to Strengthen Uttar Pradesh Defence Industrial Corridor, Supports Aatmanirbhar Bharat Vision
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Shikha Goel
Decoding Digital Dangers: Insights from IPS Shikha Goel on Cyber Crimes
IPS Mukesh Kumar Bhamoo
Managing Elections, Communal Tensions, and Public Safety – Meet IPS Mukesh Kumar Bhamoo | Video Interview
WhatsApp Image 2025-08-25 at 13.56
Operation Hunt: IPS Dr. Karanraj Vaghela’s Mission to Nab Valsad’s Most Wanted
ADVERTISEMENT
UPSC Stories
Ishwarlal Gurjar UPSC
10th Grade Failure to Indian Police Service: Ishwarlal Gurjar’s UPSC Success Path
Read the inspiring journey of Ishwarlal Gurjar from a small village in Rajasthan to becoming an IPS officer....
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
IPS Ashish Tiwari
From IIT and Investment Banking to Public Service, Meet IPS Ashish Tiwari 
Ashish Tiwari, IIT graduate and former investment banker, chose public service over global finance. As...
Social Media
IAS Sakshi Sawhney Amritsar DC
Punjab Floods: IAS Sakshi Sawhney’s Emotional Appeal to Elderly Man Wins Hearts, Video of Humanity Goes Viral
Viral Video Captures Emotional Moment as Amritsar DC Shows Sensitivity and Courage Amid Relief Effor...
Masahiro Hara
From Go Board to Global Use, How QR Codes Changed the World: IRAS Officer Ananth Rupanagudi Spotlights Masahiro Hara’s Vision
IRAS officer Ananth Rupanagudi shared a video on Masahiro Hara, the inventor of QR codes, highlighting...
IFS Susanta Nanda Video
A Mother’s Duty: Tigress Watches Over Cubs Splashing in Waterhole — Heartwarming Video Shared By Retd. IFS Officer Susanta Nanda
A tender wildlife video shared by Retd. IFS officer Susanta Nanda shows a tigress keeping watch over...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Pilibhit Primary school
Transforming Education in UP’s Pilibhit: How This IAS Officer Changed 90,000+ Kids’ Lives
Former IAS Officer & Now Politician Jagmohan Singh Raju
Former IAS Officer and Politician Jagmohan Singh Raju Demands Inquiry into Punjab IAS & IPS Officers’ Alleged Misconduct
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Shikha Goel
IPS Mukesh Kumar Bhamoo
WhatsApp Image 2025-08-25 at 13.56
ADVERTISEMENT
ADVERTISEMENT