Page 53 - August-2020-Issue

PSEs Pay Dividend to Government

NHPC Pays Interim Dividend of BEL pays Rs. 174 Cr. Interim
Rs. 840.96 Cr. to Govt. of India Dividend to Government of

for FY 2019-20 India

BEL has paid interim dividend of 140% on its paid-
up capital to the Government of India for finan-
cial year 2019-20. Mr. M. V. Gowtama, Chairman
& Managing Director, BEL, presented the interim
dividend cheque of Rs. 174,43,63,569.20/- (Rupees
One Hundred Seventy four Crores Forty Three Lacs
Sixty Three Thousand Five Hundred Sixty Nine
and Twenty Paise only), payable on the shares held
by the President of India, to the Defence Minister,
Mr. Rajnath Singh, at New Delhi. BEL has declared
140% percent as Interim Dividend (Rs. 1.40/- per
share) to its shareholders for the financial year
2019-20.
Mr. A. K. Singh, CMD, NHPC handing over dividend payout
advice to Mr. R. K. Singh, Hon’ble MoS (I/c) (Power and
New & Renewable Energy) & MoS (Skill Development and
Entrepreneurship), in the presence of Mr. Sanjiv Nandan
Sahai, Secretary (Power), GoI, Mr. Aniruddha Kumar, Joint
Secretary (Hydro), Mr. N. K. Jain, Director (Personnel), Mr.
Mahesh Kumar Mittal, Director (Finance) and Mr. Janardan
Choudhary, Director (Technical) from NHPC.

NHPC Limited paid an interim dividend of Rs.
840.96 crore to GoI for the financial year 2019-20.
The dividend payout bank advice was presented to
Mr. R. K. Singh, Hon’ble MoS (I/c) (Power and New Mr. M. V. Gowtama, Chairman & Managing Director, BEL,
& Renewable Energy) & MoS (Skill Development presenting the interim dividend cheque to the Hon'ble
and Entrepreneurship) by Mr. A.K. Singh, CMD, Defence Minister, Mr. Rajnath Singh. Also present are Mr.
Raj Kumar, Secretary (Defence Production) and Dr. Amit
NHPC in the presence of Mr. Sanjiv Nandan Sahai, Sahai, Joint Secretary (P&C).
Secretary (Power), Mr. Aniruddha Kumar, Joint
Secretary (Hydro), Ministry of Power and Mr. N.K. This is the 16 consecutive year that BEL is paying
th
Jain, Director (Personnel), Mr. Mahesh Kumar Interim Dividend. BEL has paid a total dividend of
Mittal, Director (Finance), Mr. Janardan Choudhary, 340% on its paid up capital for the financial year
Director (Technical) from NHPC. NHPC had paid 2018-19.
interim dividend of Rs. 526.53 crore to Government
of India for the fiscal 2018-19. PFC Pays Interim Dividend of
The total Rs 1185.31 crore as against Rs. 713.20 crore
for the financial year 2018-19. NHPC has earned Rs. 1404.37 Cr. To Government
net profit of Rs. 2624.26 crore for the nine months of India for FY 2019-20
ended FY 19-20 as against the previous period cor-
responding figure of Rs. 2138.26 crore. Power Finance Corporation, has paid an interim

Kaleidoscope May, 2020 53