Millennium Post

NTPC pays 40 % of paid-up capital as dividend for FY12

NTPC pays 40 % of paid-up capital as dividend for FY12
NTPC Limited has paid a total dividend of 40 per cent of its paid-up capital for the financial year 2011-12, which amounts to Rs 3,298.20 crore. The shareholders of the company have approved a final dividend of 5 per cent, amounting to Rs 412.28 crore at the 36th annual general meeting held on 18 September.

Final dividend amounting to Rs 348.37 crore towards government of India shareholding in NTPC was presented by Arup Roy Choudhury, CMD, NTPC to M Veerappa Moily, union minister for corporate affairs and power, GOI, in the presence of P Uma Shankar, secretary [Power] and other senior officials from ministry of power and NTPC recently in New Delhi

The company had earlier paid to the government of India an interim dividend of Rs 2,438.58 crore in February 2012. Thus, NTPC has made a total dividend payment of Rs. 2,786.94 crore to the government of India for the financial year 2011-12. This is the 19 consecutive year that NTPC Ltd. has paid dividend.

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