SAIL receives dividend from NSPCL

Sarkaritel
By Sarkaritel March 21, 2015 09:40

SAIL receives dividend from NSPCL


New Delhi: March 20, 2015: 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 an interim dividend of Rs 80 Crores for financial year 2014-15. Ever since its inception in March 2001, NSPCL has continuously paid dividend . On behalf of SAIL, Chairman, SAIL, C.S. Verma received a cheque of Rs 40 Crores from CEO, NSPCL, Manash Sarkar, along with CFO, NSPCL, S V Shahi at SAIL corporate office in Lodi Road.

21nspcl_cheque

The Interim Dividend works out to be 8.16% of the paid up equity capital. During financial year 2013-14 the company paid total dividend of Rs. 86.28 crores which works out 8.8% of the paid up equity capital.

Sarkaritel
By Sarkaritel March 21, 2015 09:40