In a significant financial development, the Indian government has received a dividend tranche of ₹1,487 crore from the state-owned power corporation, NTPC. This follows NTPC’s recent announcement regarding the payment of its Final Dividend for the financial year 2022-23.
NTPC’s Generous Dividend Payment
NTPC, India’s leading power generation company, has disbursed an impressive ₹2,908.99 crore as its Final Dividend for the financial year 2022-23. This substantial dividend payment constitutes 30% of the paid-up equity share capital of NTPC Ltd. The total dividend amount disbursed for FY 2022-23 stands at a remarkable ₹7,030.08 crore, which represents 41% of the Profit After Tax (PAT) for the financial year.
Comparing Dividend Tranches
However, it’s worth noting that the recent dividend tranche of ₹1,487 crore is lower than the previous dividend release in February, which amounted to ₹2,106 crore. In February, the government also received dividends from other state-owned entities, including ₹1,791 crore from Power Grid Corporation of India Ltd. (PGCIL) and ₹58 crore from Engineers India Ltd.
NTPC Group’s Expanding Power Generation Capacity
Beyond dividends, NTPC has achieved a significant milestone in terms of its power generation capacity. The combined power generation capacity of the NTPC Group has now reached an impressive 73,824 megawatts (73.8 gigawatts). This achievement follows the successful trial operation of an initial 800-megawatt unit at the Telangana Super Thermal Power Project on September 5.