“The board of directors of the company in its meeting held on January 12, 2017 has declared an interim dividend @ 17% of the face value of Rs 10 per share (Rs 1.70 per equity share) on the paid up equity share capital of the company for the financial year 2016-17,” NHPC said in a BSE filing.
The company has fixed January 20, 2017 as the record date for the purpose of payment of interim dividend. The rate of interim dividend is highest level since its listing on the price.
At 02:26 pm; the stock was up 11% at Rs 30.30 on the BSE on back of 20-fold jump in trading volumes. A combined 77.14 million shares changed hands on the counter on the BSE and NSE so far.