India’s largest power generation company, NTPC Limited has paid a total of Rs 2762.33 crores which is 33.5% of its paid-up capital for the financial year 2015-16.
The dividend payment is 4th highest among Public Sector Undertakings.
The Company had paid interim dividend of 16% or Rs 1319.27 crore on February 15, 2016. The Company paid the final dividend of 17.5% or Rs. 1442.96 crore on September 30, 2016.
An amount of Rs. 1006.38 crore to Government of India, being the share of Government of India in the final dividend, was presented by Gurdeep Singh, CMD, NTPC, to Piyush Goyal, Hon’ble Minister of State(Independent Charge) for Power, Coal, New & Renewable Energy and Mines in the presence of Pradeep Kumar Pujari Secretary, MOP.
K. Biswal, Director (Finance), NTPC, A. K. Jha, Director (Technical), NTPC, U. P. Pani, Director (Human Resources), NTPC and S.C. Pandey, Director (Projects), NTPC were also present on this occasion.
NTPC Ltd. has paid a total dividend of Rs. 1995.28 crore to the Government of India for the financial year 2015-16. This is the 23rd consecutive year that NTPC Ltd. has paid dividend.