NHPC LTD. - Board recommends Final Dividend

NHPC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2015, inter alia, has recommended a final dividend @ 6% (Re. 0.60 per equity share) for the financial year 2014-15, including interim dividend @ 2% (Re.0.20 per equity share) for the financial year 2014-15 paid in February, 2015. The dividend shall be paid as per the provisions of the Companies Act, 2013.<BR><BR>Further, the following proposals were also approved:<BR><BR>1. Raising of the Debt upto Rs. 1475 crores in the month of July-August, 2015 and Rs. 2500 crores during 2016-17 subject to approval of shareholders in the General Meeting.<BR><BR>2. Appointment of Shri Jayant Kumar as an Additional Director of the Company to the post of Director (Finance) and Chief Financial Officer (CFO) with effect from the date of assumption of charge of the post i.e. May 26, 2015 till the date of next Annual General Meeting.