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NTPC dividend of Rs.2968.36 crore

NTPC Limited has paid a total dividend of Rs.2968.36 crore for the financial year (FY) 2008-09, which amounts to 36% of its paid-up capital. This is the highest ever dividend declared by the Company. The Shareholders of the Company have approved a final dividend of 8%, amounting to Rs.659.63 crore at the 33rd Annual General Meeting held recently.

A cheque amounting to Rs.590.37 crore was presented by Shri R.S.Sharma, CMD, NTPC to Shri H. S. Brahma, Secretary (Power), Govt. of India, being the share of Government of India towards final dividend for the FY 2008-09 in New Delhi. Other senior officials from Ministry of Power and NTPC were present on the occasion.

The Company had earlier paid to Govt. of India an interim dividend of Rs.2066.30 crore in February 2009. Thus, NTPC has made a total dividend payment of Rs.2656.67 crore to the Government of India for the FY 2008-09 as against Rs.2582.87 crore for the last FY 2007-08.

This is the 16th consecutive year that NTPC has paid dividend.

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