NTPC distributes ₹2,424 Crore as dividend to shareholders

19 Nov 2024 , 01:33 PM

NTPC Limited announced that it paid an interim dividend of ₹2,424 Crore to its shareholders. 

The company’s first interim dividend of ₹2,424 Crore for the fiscal year 2024-25 was paid on November 18, cumulating 25% of its paid-up equity share capital.

Gurdeep Singh, CMD, and the company’s Board of Directors handed the payment advice of ₹1,238.84 Crore. The said amount was the government’s share to the Power Secretary Pankaj Agarwal, and the Minister of Power, Manohar Lal. 

On October 24, the company’s Board of Directors approved the first interim dividend of ₹2.50 on each share having a face value of ₹10, for the fiscal year 2024-25.

This is the 32nd consecutive year that NTPC has issued dividends to its stockholders. 

In another statement, NTPC announced plans to build a plant in Simhadri, Andhra Pradesh, to manufacture green hydrogen from saltwater.

NTPC has deployed an innovative, low-carbon desalination system that uses waste heat from thermal power plant flue gas to convert saltwater into hydrogen-grade water at a minimal cost, according to the firm.

NTPC Limited, the state-owned power company, reported a consolidated net profit of ₹5,380.25 Crore for the September quarter on Thursday, up roughly 14%.

Company’s net profit for the previous fiscal year was ₹4,726.40 Crore, according to a BSE filing.

However, total income fell to ₹45,197.77 Crore in the quarter, down from ₹45,384.64 Crore the previous year.

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