OTPC clocks its highest ever annual generation of power

OTPC has become the first dividend paying standalone gas-based power generation company in India

GN Bureau | May 19, 2017


#PSU   #ONGC Tripura Power Company   #ONGC   #IL&FS   #IDFC   #Tripura government  

 ONGC Tripura Power Company (OTPC), a joint venture company of ONGC, IL&FS, IDFC and Tripura government, has declared maiden dividend of 7.5 percent of paid-up equity share capital of Rs 1,120 crore amounting to Rs 84 crore for 2016-17 fiscal within two years of commencement of Palatana power project.

 
With this, OTPC has become the first dividend paying standalone gas-based power generation company in the country.
 
OTPC achieved highest ever gross generation of 4,170 MUs during FY 16-17 which surpasses previous annual best of 3,481 MUs during the same period in last fiscal. The power company has achieved excellent performance on financial parameters also during FY 16-17.
 
The company has achieved a turnover of Rs 1,297.89 crore during FY 16-17 up 18 percent from Rs 1,099.42 crore during FY 15-16.
 

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