April 21, 2024

NTPC pays 30% capital as final dividend for FY 2022-23

NTPC recorded an all-time high-power generation during the FY 2022-23.

NTPC Ltd. continues to drive excellence, sustainable growth, and shareholder satisfaction

NTPC Ltd. continues to drive excellence, sustainable growth, and shareholder satisfaction (Image: NTPC)

India’s NTPC has announced the payment of its final dividend for the financial year 2022-23. The final dividend payment is for an amount of Rs 2908.99 crore, constituting 30.00% of the paid-up equity share capital of the company.

With this, the total dividend disbursed for FY 2022-23 stands at an impressive Rs. 7,030.08 crore, being 41% of the Profit After Tax (PAT) for the financial year.

This marks the 30th consecutive year in which the company has distributed dividends, underscoring its dedication to providing consistent returns to its investors.

As a key player in the Indian energy sector, this power company continues to drive excellence, sustainable growth, and shareholder satisfaction through its strategic initiatives and robust financial performance

NTPC is a leading power generation company in India. The company aims for nearly 45-50% of its capacity to come from non-fossil fuels by 2030, with the medium-term target of 60 GW of renewable capacity by 2032. This is also reflected in NTPC’s Energy Compact goals submitted to the United Nations.

The company also plans to transform its thermal plants into chemical complexes for carbon capture and alternate fuel production, thus avoiding premature closures and reducing dependency on imported fossil fuels. Commitment to emission mitigation includes implementing flue gas desulphurization systems and De-NOx combustion modifications. Furthermore, NTPC is investigating the potential of nuclear power, including advanced and modular reactors, to further its sustainability goals.

The year 2022-23 was remarkable for the company as it registered a strong and resilient performance by achieving the highest-ever profit and highest-ever power generation.

According to the annual report, during the FY 2022-23, the Company recorded an all-time high-power generation of 399.2 BU, registering a growth of 11%. Further, eight of your Company’s coal stations figured in the top twenty-five best-performing stations of the country in terms of PLF, and our coal-based stations registered a PLF of 75% against the country’s coal PLF of 64%. These numbers demonstrate your Company’s best-in-class asset management practices and the capability of its human resources. 

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