NTPC pays a dividend of Rs 1,487 crore to the Centre

18 Sep 2023 , 11:53 AM

The secretary at the Department of Investment and Public Asset Management announced on its X handle on Friday that the central government had received roughly Rs 1,487 crore from NTPC as a dividend tranche.

A dividend is a payment that businesses frequently make from a percentage of their profits to their shareholders, though it is not required.

With an installed capacity of 73,824 MW (including joint ventures) and ambitions to grow to 130 GW by 2032, NTPC is the largest power utility business in India.

It received a dividend from Power Grid Corporation of India Limited (PGCIL) on Wednesday totaling roughly Rs 1,701 crore.

The government had previously received dividend payments from Indian Oil Corporation Ltd. and Bharat Petroleum Corporation Ltd. earlier on Monday totaling roughly Rs 2,182 crore and Rs 460 crore, respectively.

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