NTPC pays annual dividend of Rs 2,647.60 crore to government

NEW DELHI: State-owned power generator NTPC has paid a total dividend of Rs 2,647.60 crore to the government for the financial year 2010-11.

NTPC Chairman and Managing Director Arup Roy Choudhury today presented a final dividend cheque of Rs 557.39 crore to Power Minister Sushil Kumar Shinde here.

It had given an interim dividend of Rs 2,090.21 crore in February.

"NTPC has made a total dividend payment of Rs 2,647.60 crore to the Government of India for the financial year 2010-11," the company said in a statement.

The power generator has paid dividend to the government for 18 consecutive years.

According to the statement, the company has paid a total dividend of 38 per cent of its paid-up capital for financial year 2010-11, amounting to Rs 3,133.27 crore.

Shareholders approved a final dividend of eight per cent, amounting to Rs 659.64 crore during their annual general meeting on September 20.

NTPC has an installed capacity of 34,854 MW.