Tuesday 7 October 2008

NTPC shell out highest ever dividend of Rs 28.86 bn

NTPC has paid a total dividend of Rs 28.86 billion for the financial year (FY) 2007-08 which amounts to 35% of its paid up capital. This is the highest ever dividend declared by the company.

The shareholders of the company approved a final dividend of 8% amounting Rs 6.60 billion at the 32nd annual general meeting (AGM) of the company held on Sep. 17, 2008.

A cheque amounting Rs 5.90 billion was presented by R. S. Sharma, CMD, NTPC to Sushilkumar Shinde, Union Minister of Power, being share of Government of India (GoI) towards final dividend for the FY 2007-08 in New Delhi.

The company had earlier paid an Interim dividend of Rs 19.93 billion in February 2008.
Thus, NTPC has made a total dividend payment of Rs 25.83 billion to GoI for the FY 2007-08 as against Rs. 23.61 billion in the last FY 2006-07.

This is the 15th consecutive year that NTPC has paid dividend.

Shares of the company gained Rs 6.2, or 3.68%, to trade at Rs 175. The total volume of shares traded was 1,932,806 at the BSE (3.33 p.m., Tuesday).

Source: MyIris

Posted by Harsh at 07:03

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