NTPC Pays Interim Dividend Worth Rs 2,952 Crore

NTPC Limited, the public sector undertaking that is engaged in the business of generating electricity and other allied activities has paid an interim dividend of Rs 2,951.88 crore for the financial year ending 31 March 2019.

The dividend makes for 35.8 percent of the paid-up equity share capital of NPTC, the company 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 NTPC's 26th consecutive year of paying a dividend.

Earlier this month, the country's largest electricity generator had informed the exchanges of additional charges as Director (Finance) being assigned to K. Sreekant for a period of 6 months starting 12 February.

"Ministry of Power, through its Office Order No. 8/18/2017-Th-I dt 13.02.2019, has assigned the additional charge to the post of Dir (Fin), NTPC Limited to Shri K. Sreekant, Dir (Fin), Power Grid Corporation India Limited for a period of six months w.e.f. 12.2.2019 or till the appointment of a regular incumbent or until further orders, whichever is the earliest," it said.