NTPC pays Rs. 2,061.37 cr dividend for FY 2014-15 -Governance Now

NTPC pays Rs. 2,061.37 cr dividend for FY 2014-15

GN Bureau | October 5, 2015

#NTPC #NTPC Limited #Piyush Goyal #PSU

In a dividend payment that is fifth highest among all the public sector undertakings, NTPC Limited has paid a total dividend of Rs. 2,061.37 crore for the financial year 2014-15. This amounts to 25% of its paid-up capital. This is the 22st consecutive year that NTPC Ltd. has paid dividend.

The company had paid interim dividend of Rs. 618.41 crore on February 13, 2015. Today, the Company has paid the final dividend of Rs. 1,442.96 crore.

The RTGS advice for the transfer of Rs. 1081.61 crore to government of India, being the share of the government in the final dividend, was presented by A K Jha, chairman and managing director of NTPC to i Piyush Goyal, minister of state (independent charge) for power, coal and renewable energy.

Others present during the ceremony were Pradeep Kumar, joint secretary & financial advisor in the ministry, K Biswal, director (finance), NTPC, UP Pani, director (human resources), NTPC, SC Pandey, director (projects), NTPC and KK Sharma, director (operations), NTPC.

NTPC Ltd. has paid a total dividend of Rs. 1545.15 crore to the government for the financial year 2014-15.

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