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.
 

Comments

 

Other News

Dharmendra Pradhan tenders resignation

Dharmendra Pradhan, education minister at the centre of the storm of the NEET paper leak, offered his resignation to the prime minister on Saturday.   He posted a two-page letter on X, saying he was pained by the events of the last ten days. "This is not a matter of personal

Cabinet approves scheme of chemical parks

The union cabinet chaired by the PM has approved Bharat Audyogik Vikas Yojana Rasayan or BHAVYA - Rasayan Scheme for establishing three dedicated Chemical Parks in the country. The Scheme was announced in the Union Budget of FY 2026–27.   The Scheme will have a total financ

Anurag Jain, IAS appointed as Chief Executive Officer, NITI Aayog

 Anurag Jain, a 1989-batch IAS officer of the Madhya Pradesh cadre, has been appointed as the Chief Executive Officer (CEO) of NITI Aayog for a two-year term after serving as the Chief Secretary of Madhya Pradesh. A distinguished administrator with extensive experience in infrastructure, industrial de

Shri Ashok Barnwal, IAS has been appointed as the Chief Secretary of Madhya Pradesh

 Ashok Barnwal, a 1991-batch IAS officer of the Madhya Pradesh cadre, has been appointed as the Chief Secretary of Madhya Pradesh, succeeding Anurag Jain following his appointment as CEO of NITI Aayog. Prior to assuming the state`s top bureaucratic position, Barnwal served as Additional Chief Secretar

PM announces fast-track courts for paper leak cases

Prime minister Narendra Modi on Thursday stated that the government has decided to set up fast-track courts to ensure swift and stringent punishment for those involved in paper leaks. Emphasising that nothing is more important than the welfare and future of the youth, he noted that h

Making India’s textile & apparel sector sustainable

India’s textile and apparel sector sits at the heart of the economy but is constrained by traditional manufacturing approach. It contributes close to 2% of GDP and around 11% of manufacturing gross value added, with GDP share expected to reach 5% by the end of the decade. The sector employs around 45

Upcoming Conferences





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter