NHPC Ltd declares 7% dividend for year 2011-12

NHPC Ltd briefed the media on May 25 2012 at Hotel Taj, Mansingh Road New Delhi  that the Board of Directors of the Company at its meeting held on May 25, 2012, inter alia, has recommended a final dividend @ 7% (Rs. 0.70 per equity share) on the paid up share capital of the Company, for the financial year 2011-12 as final Dividend.In its performance report read by the Chairman envisage
NHPC Ltd achieved highest ever Net Profit after Tax of Rs 2771.77 Cr,this is 27.93% higher than net profit after tax of rs 2,166.67 Cr earned during 2010-11.Sales turn over is of Rs 5509.65 Cr as against rs 4,046.59 Cr of last year.
Government of India has conveyed its approval for change in object clause 1a] of Memorandum of Association of NHPC which inter-alia allows NHPC on its own to plan,promote and organize an integrated and efficient development of power in all its aspects through conventional and non conventional sources in India and abroad.
MoU signed with Russian power giant company JSC RusHydro on 23,05.2011 for co-operation in the field of hydro power development,renewable energy sources and other areas of power generation.
With fourteen power projects in hand at national level and  MoU signed JSC RusHydro along with its objective clause widened the company goes global in time and years to come.