NHPC Q3 net profit falls by 19pc to Rs 628 crore
The company's total income also fell to Rs 2,549.69 crore in the quarter from Rs 2,691.34 crore a year ago.
The company's total income also fell to Rs 2,549.69 crore in the quarter from Rs 2,691.34 crore a year ago.
The Indian Oil Corporation of India Ltd and RailTel Corporation of India Ltd have provided the central government with Rs 3,636 crore and Rs 23 crore respectively as dividend tranches, respectively, as per the Department of Investment and Public Asset Management.
According to the statement, the total dividend disbursed for FY 2022-23 stands at an impressive Rs 7,030.08 crore, being 41 per cent of the profit after tax (PAT).
"As informed vide letter dated March 18, 2023 the record date for ascertainment of shareholders entitled to receive the aforesaid interim dividend shall be March 31, 2023 (Friday)," it said.
“Government has respectively received about Rs 2,106 crore, Rs 1,791 crore and Rs 58 crore from NTPC, PGCIL, and Engineers India Ltd as dividend tranches,” Tuhin Kanta Pandey, secretary in the Department of Investment and Public Asset Management, said in a tweet.
In the first interim dividend announced in December, the miner's total payout was Rs 5546 crore and the government gained Rs 3667 crore
The Maharatna public sector undertaking has already announced the first interim dividend at Rs 9 per share in December this fiscal to provide support to the government for its growing expenditure in the wake of the COVID-19 pandemic
In a regulatory filing, the miner said its board of directors has approved payment of an interim dividend of Rs 7.50 per share of the face value of Rs 10 for 2020-21
The company, which paid 54 billion ringgit in dividends in 2019, originally committed to pay 24 billion ringgit this year, and said that any additional funding would depend on its affordability
The net loss, which was in line with analysts' expectations, was largely a result of BP's decision to wipe $6.5 billion off the value of oil and gas exploration assets after it revised sharply lower its oil and gas price forecasts
The first-quarter cash payout to shareholders will be $0.09 per share, down from $0.27 in the fourth quarter of 2019, it added