NTPC-SAIL Power Company (NSPCL), a 50:50 joint venture of two Maharatna companies, NTPC and Steel Authority of India (SAIL), has paid interim dividend of Rs 120 crore (Rs 60 crore each to NTPC & SAIL) which works out to 12.24% of paid up equity share capital. The Dividend and Dividend distribution tax amounts to 59.57% of Profit after Tax of Company achieved for the period April-December 2016.
For the period April-December 2016 NSPCL recorded a provisional and unaudited total income of Rs 1820.01 crore with Profit Before Tax (PBT) of Rs 270.69 crore and a Profit After Tax (PAT) of Rs 242.45 crore.
