NTPC pays Rs 2,952-cr interim dividend for current fiscal, govt gets Rs 1,740 cr

NTPC Ltd, the country's largest electricity generator, on Friday said it has paid an interim dividend of Rs 2,951.88 crore for the financial year ending 31 March, 2019

Press Trust of India February 22, 2019 17:36:15 IST
NTPC pays Rs 2,952-cr interim dividend for current fiscal, govt gets Rs 1,740 cr
  • This is the 26th consecutive year that NTPC has paid a dividend

  • The dividend is 35.8 percent of the paid-up equity share capital of the company

  • The Government of India, which owns 58.93 percent stake in NTPC, received Rs 1,739.61 crore as its share

New Delhi: NTPC Ltd, the country's largest electricity generator, on Friday said it has paid an interim dividend of Rs 2,951.88 crore for the financial year ending 31 March, 2019.

NTPC pays Rs 2952cr interim dividend for current fiscal govt gets Rs 1740 cr

Representational image. Reuters.

The dividend is 35.8 percent of the paid-up equity share capital of the company, NPTC said in a statement.

The Government of India, which owns 58.93 percent stake in NTPC, received Rs 1,739.61 crore as its share in the interim dividend.

"The RTGS advice for the transfer of Rs 1,739.61 crore to the Government of India was presented to Power Minister R K Singh by NPTC Chairman and Managing Director Gurdeep Singh," it said.

This is the 26th consecutive year that NTPC has paid a dividend.

Updated Date:

also read

WBPSC AE admit card to release today at wbpsc.gov.in, check steps to download here
India

WBPSC AE admit card to release today at wbpsc.gov.in, check steps to download here

The advertisement declares that no physical admit card will be issued from the office of the Commission and applicants have to download the admit card from the Commission’s website

BMW seeks temporary import duty relief for electric vehicles in India, to launch three EVs in six months
News & Analysis

BMW seeks temporary import duty relief for electric vehicles in India, to launch three EVs in six months

The first electric vehicle from BMW in India will be the BMW iX SUV, which is set to be launched in December, and will be followed by the i4 sedan in 2022.

Urge ARAI to develop tech to slash charge times for electric vehicles: Union Minister Mahendra Nath Pandey
News & Analysis

Urge ARAI to develop tech to slash charge times for electric vehicles: Union Minister Mahendra Nath Pandey

To address charging infrastructure inadequacies, the government has chosen nine expressways where 6,000 charging stations have been sanctioned.