New Delhi: NTPC Ltd., India’s leading power generation company, has announced the payment of its final dividend for the financial year 2022-23. The final dividend payment is for an amount of ₹2908.99 crore, constituting 30.00% of the paid-up equity share capital of NTPC Limited.
With this, the total dividend disbursed for FY 2022-23 stands at an impressive ₹7,030.08 crore, being 41% of the profit after tax (PAT) for the financial year.
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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, NTPC Ltd. continues to drive excellence, sustainable growth, and shareholder satisfaction through its strategic initiatives and robust financial performance.
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Earlier in May this year, the NTPC had reported an 11% year-on-year (YoY) increase in power generation and a 5.62% rise in profit for fiscal year 2022-23, according to the company’s financial results.
NTPC Group achieved a record annual generation of 399 billion units in FY23, a significant jump from 361 billion units in the previous fiscal year, indicating an 11% growth. NTPC’s standalone gross generation reached 344 billion units, again an 11% increase, a company statement said.
The company’s coal stations stood out with an impressive plant load factor of 75.90% during FY23, surpassing the national average of 64.21%.
NTPC‘s financial performance showcased positive results as well. Total income on a standalone basis soared to ₹167,724 crore for FY23 from the previous year’s ₹124,750 crore. Net profit for the previous fiscal year stood at ₹17,197 crore, a 5.62% increase compared to ₹16,282 crore in FY22.
