NTPC Tamil Nadu Energy Company Limited pays Second Interim Dividend for FY 2021-22 to NTPC Ltd

NTPC Tamil Nadu Energy Company Limited (NTECL), a Joint venture(JV) Company of NTPC Limited & TANGEDCO (50:50) paid Second interim dividend of Rs 135,09,30,543/- (net of TDS) for the Financial year 2021-22 towards NTPC's Limited 50% share.

Shri Ramesh Babu V., Chairman, NTECL & Director (Operations), NTPC had presented the Cheque to Shri Gurdeep Singh, Chairman & Managing Director, NTPC on 28th December 2021.

Shri C K Mondol, Director (Commercial) , Shri U K Bhattacharya, Director (Projects),Shri Kedar Ranjan Pandu, CEO NTECL, Ms. Nandni Sarkar, Company Secretary, NTPC and Shri Amit Garg, Company Secretary, NTECL were also present on the occasion.

The Interim dividend is also been paid to other Joint Venture partner viz. TANGEDCO on its shareholding of 50% 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.

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 TANGEDCO JV NTECL InterimDividend