NHPC Distributes Rs 1,286 Crore in Dividends to Government for FY2023-24

State-owned hydro power giant NHPC has paid a final dividend of Rs 338.51 crore and an interim dividend of Rs 947.82 crore to the Government of India for the fiscal year 2023-24, totaling Rs 1,286.33 crore. The payout follows the Department of Investment & Public Asset Management guidelines.

State-owned hydro power giant NHPC has disbursed a final dividend of Rs 338.51 crore to the Government of India for the 2023-24 fiscal year.

Adding to its March interim dividend of Rs 947.82 crore, the total dividend for the year reaches Rs 1,286.33 crore. NHPC CMD R K Chaudhary presented the dividend payout to Union Minister of Power and Housing and Urban Affairs Manohar Lal Khattar.

According to NHPC’s board, a final dividend of Rs 0.50 per equity share was recommended and approved, alongside an interim dividend at Rs 1.40 per share. This results in a total dividend of Rs 1.90 per share for the year, following the Department of Investment & Public Asset Management's minimum dividend guidelines for CPSUs.