NTPC disburses an interim dividend of ?2,424 crore to shareholders for FY25

20 Nov 2024

State-owned NTPC said on Monday that it has disbursed an interim dividend of Rs 2,424 crore to its shareholders. The payment, made on November 18 (yesterday), marks the company's first interim dividend for the financial year 2024-25, representing 25% of the company's paid-up equity share capital, NTPC said in a statement.

NTPC's CMD, Gurdeep Singh, along with the company's Board of Directors, handed over the "payment advice of Rs 1,238.84 crore, which represents the government's share," to Minister of Power Manohar Lal, Power Secretary Pankaj Agarwal, the statement added. On October 24, the NTPC Board of Directors approved the first interim dividend of Rs 2.50 per share, based on a face value of Rs 10 each, for the financial year 2024-25.

This year marks the 32nd consecutive year that NTPC has paid dividends to its shareholders. In another announcement, the company revealed plans to establish a green hydrogen production plant using seawater at Simhadri, Andhra Pradesh.

"For seawater processing, NTPC has developed an innovative, low-carbon desalination plant for seawater processing, which harnesses waste heat from the thermal power plant's flue gas, allowing cost-effective conversion of seawater into hydrogen-grade water," the company said.