NTPC announces Rs 2,500 crore interim dividend to government in Q3

NEW DELHI: State-run NTPC today announced an interim dividend of nearly Rs 2,500 crore for the government for the third quarter ended December 31.

NTPC Board has announced an interim dividend of nearly Rs 3,300 crore.

"The Board of Directors have recommended highest ever interim dividend at 40 per cent of paid up equity share capital being Rs 4.00 per equity share for the financial year 2013-14," an official statement added.

Central government, which holds 75 per cent stake in the company will get nearly Rs 2,500 crore by the way of dividend.

The dividend will be paid on February 10, 2014. NTPC, today posted over 10 per cent, at Rs 2,861.28 crore, in its profit after tax for the third quarter ended December 31, 2013 mainly due to higher electricity generation.

The company had reported a profit after tax of Rs 2,596.76 crore in the corresponding period of the last year.

At present, NTPC generates 42,454 MW of electricity and plans to add 14,000 MW in the current plan period (2012-17).