Business Standard

NTPC pays annual dividend of Rs 2,647 cr to govt

Image

Press Trust of India New Delhi

State-owned power generator NTPC has paid a total dividend of Rs 2,647 crore to the government for the financial year 2010-11.

NTPC Chairman and Managing Director Arup Roy Choudhury today presented a final dividend cheque of Rs 557.39 crore to Power Minister Sushil Kumar Shinde here.

It had given an interim dividend of Rs 2,090 crore in February.

"NTPC has made a total dividend payment of Rs 2,647 crore to the Government of India for the financial year 2010-11," the company said in a statement.

The power generator has paid dividend to the government for 18 consecutive years.

According to the statement, the company has paid a total dividend of 38% of its paid-up capital for financial year 2010-11, amounting to Rs 3,133 crore.

Shareholders approved a final dividend of 8%, amounting to Rs 659 crore during their annual general meeting on September 20.

NTPC has an installed capacity of 34,854 MW.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 30 2011 | 4:06 PM IST

Explore News