PSU Watch logo

| CIL’s coal supplies under e-auction log 31% growth during Apr-Dec’21 |   | Mauritius Police Force to use HAL made Advanced Light Helicopter (ALH); signs export contract |   | Special CBM Bid Round: Bidding for 15 CBM blocks to start on Feb 15, says DGH |   | Bribery case: GAIL suspends Director (Marketing) ES Ranganathan after CBI arrest |   | SJVN earns Rs 34.40 crore as incentive from its hydro-power stations |   | Cabinet approves equity infusion of Rs 1,500 crore in IREDA |  

NTPC receives Rs 135.09 crore as second interim dividend from NTECL

NTPC Tamil Nadu Energy Company Limited (NTECL) has paid the second interim dividend of Rs 135.09 crore to NTPC Limited for FY 2021-22
NTPC receives Rs 135.09 crore as second interim dividend from NTECL
NTPC receives Rs 135.09 crore as second interim dividend from NTECL

New Delhi: NTPC Tamil Nadu Energy Company Limited (NTECL) has paid the second interim dividend of Rs 135.09 crore to NTPC Limited for FY 2021-22 towards NTPC’s Limited 50 percent share. NTECL is a joint venture company between NTPC Limited and TANGEDCO with 50:50 shareholding.

NTECL’s Chairman and Director (Operations) of NTPC Ramesh Babu V presented the cheque to NTPC Limited’s Chairman & Managing Director (CMD) Gurdeep Singh on December 28.

NTPC Director (Commercial) CK Mondol, Director (Projects) UK Bhattacharya, NTECL’s CEO Kedar Ranjan Pandu, NTPC’s Company Secretary Nandni Sarkar NTPC and NTECL’s Company Secretary Amit Garg were also present on the occasion.

ALSO READ

The Interim dividend is also been paid to another joint venture partner viz. TANGEDCO on its shareholding of 50 percent in NTECL.

The total interim dividend paid to its promoters for the Financial Year 2021-22 is Rs 488 crore which is the highest ever interim dividend paid by NTECL since inception.

(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)