NSPCL pays Second Interim Dividend for FY 2021-22 to NTPC Ltd

NTPC SAIL Power Company Limited (NSPCL), a joint venture (J.V) Company of NTPC Limited & SAIL (50:50) paid second interim dividend of Rs 45 crores/- (net of TDS) for the Financial year 2021-22 towards NTPC Limited's 50% share.

Shri Debasish Chattopadhyay, CEO, NSPCL had presented the Cheque to Shri Gurdeep Singh, Chairman & Managing Director, NTPC on 29th December 2021. Shri A K Gautam, Director (Finance), Shri D K Patel, Chairman NSPCL & Director (HR), NTPC, Shri Ramesh Babu V, Director (Operations), NTPC, Shri C K Mondol, Director (Commercial), NTPC, Shri U K Bhattacharya, Director (Projects), NTPC, Ms. Alka Saigal, Director (NSPCL) & General Manager (Internal Audit), NTPC, Ms. Nandini Sarkar, Company Secretary, NTPC and Shri N K Gupta, CFO, NSPCL were also present on the occasion.

The Interim dividend is also being paid to other Joint Venture partner viz. SAIL on its shareholding of 50% in NSPCL. The total interim dividend paid to its promoters for the Financial Year 2021-22 is Rs 150 crore. NSPCL has paid a total dividend of Rs. 1540 crores since inception.

Shares of NTPC Limited was last trading in BSE at Rs. 126.90 as compared to the previous close of Rs. 123.05. The total number of shares traded during the day was 796815 in over 6695 trades.

The stock hit an intraday high of Rs. 127.85 and intraday low of 122.35. The net turnover during the day was Rs. 100345045.00.

Source : Equity Bulls

Keywords

NTPC INE733E01010 JV InterimDividend NSPCL