NTPC pays Rs 2,474 crore interim dividend to government

Tags: Companies
Country's largest power producer NTPC today paid an interim dividend of Rs 2,473.64 crore to the government.

The amount is part of total interim dividend payout of Rs 3,298.19 crore for the current financial year.

"NTPC has paid highest ever interim dividend of Rs 3,298.19 crore... For the financial year 2013-14, as against the dividend of Rs 3,092.06 crore paid for the last financial year," the company said in a statement.

According to the company, this is the 21st consecutive year that NTPC has paid dividend.

The RTGS advice for the transfer of Rs 2,473.64 crore to Government of India's designated bank account was presented by NTPC CMD Arup Roy Choudhury to Power Minister Jyotiraditya Scindia here.

The central government owns 75 per cent stake in NTPC.

Last month, NTPC board had recommended highest ever interim dividend of Rs 4 per share.

In the three months ended December 2013, NTPC posted a profit after tax of Rs 2,861.28 crore.

The company had a profit after tax of Rs 2,596.76 crore in the year-ago period. P

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