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NTPC receives Rs 135 crore as 2nd interim dividend from APCPL

Aravali Power Company Private Limited (APCPL) has paid a second interim dividend of Rs 135 crore (net of TDS) to NTPC Limited for the Financial Year 2021-22 towards NTPC’s 50 percent shares in the company
NTPC receives Rs 135 crore as 2nd interim dividend from APCPL
NTPC receives Rs 135 crore as 2nd interim dividend from APCPL

New Delhi: Aravali Power Company Private Limited (APCPL) has paid the second interim dividend of Rs 135 crore (net of TDS) to NTPC Limited for the Financial Year 2021-22 towards its 50 percent share in the company. APCPL is a joint venture company of NTPC, Indraprastha Power Generation Company Limited (IPGCL) and Haryana Power Generation Corporation Limited (HPGCL).

APCPL’s CEO Somes Bandyopadhyay handed over the dividend cheque of Rs 135 crore to NTPC Limited’s Chairman & Managing Director (CMD) S Gurdeep Singh on November 30.

NTPC Director (HR) NTPC and Chairman of APCPL Dillip Kumar Patel,  NTPC (Director) Finance AK Gautam, NTPC Director (Operations) Ramesh Babu V, NTPC Director(Commercial) CK Mondol, NTPC Director (Projects) UK Bhattacharya, NTPC Chief General Manager (Finance) and Director APCPL Sandeep Aggarwal, APCPL’s CFO Sanjay Bharadwaj, NTPC’s Company Secretary Nandini Sarkar and APCPL’s Company Secretary Vikas Goyal were also present on the occasion.

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 The interim dividend @10.467 percent on the paid-up capital has also been paid to other joint venture partners viz. IPGCL and HPGCL on their respective shareholding of 25 percent each.

The total interim dividend paid to its promoters for the Financial Year 2021-22 is Rs 900 crore which is the highest ever interim dividend paid by APCPL since inception.

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