NTPC PAYS HIGHEST EVER INTERIM DIVIDEND OF 1978.92 CRORE
14 Feb 2007

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NTPC Limited paid highest ever interim dividend of Rs. 1978.92 crore @24% on paid-up capital of the company for the financial year 2006-07. Shri T. Sankaralingam, Chairman and Managing Director presented a cheque of Rs. 1771.11 crore being the share of Government of India to Shri Sushilkumar Shinde, Union Minister of Power in New Delhi today. Shri Anil Razdan, Secretary (Power), Directors of NTPC and Sr. Officials from NTPC and Ministry of Power were present on the occasion. This is the 14th consecutive year that NTPC has paid dividend to Govt. of India. In the current financial year NTPC has registered a growth of 20.60% in profit after tax and the same is reported as Rs.5130 crore for nine months period ended December, 2006 as compared to Rs.4253 crore in the corresponding period last year. Profit after tax for the third quarter ending December, 2006 is Rs.2103 crore as compared to Rs.1781 crore in the corresponding quarter last year, thus registering a growth of 18.05%. NTPC has reported net sales of Rs.22114 crore for nine months period ended December, 2006 as compared to Rs.18851 crore in the corresponding period last year with a growth of 17.31%. For the third quarter, company has reported a net sales of Rs.8146 crore as compared to Rs.6868 crore during the same quarter previous year thus registering a growth of 18.6%. NTPC is India’s largest power generation company with an installed capacity of 26,404 MW, with 14 coal based, 7 gas based and four JV power stations and with 20% of all India’s installed capacity contributes around 28% of country’s power generation. NTPC is poised to become a 75000 MW Company by 2017.