NSPCL pays total interim dividend of Rs 120 crore to NTPC, SAIL
NTPC-SAIL Power Company Ltd (NSPCL) has paid interim dividend of Rs 120 crore or 12.24 per cent of paid up equity share capital to the two equal promoter firms NTPCBSE -0.37 % and SAILBSE -3.29 %. While NTPC is the country's thermal power major, SAIL is a leading steel player. Both are state-owned firms. "NSPCL 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 per cent of Profit After Tax of Company achieved for the period April-December 2016," NTPC statement said. For nine months to December, NSPCL recorded a provisional and unaudited total income of Rs 1,820.01 crore with a Profit After Tax (PAT) of .....