Team News Riveting
Raipur, January 20
State-owned National Thermal Power Corporation (NTPC) Limited is likely to announce an interim dividend for the financial year 2021-22 by this month end.
NTPC’s board of directors is scheduled to consider quarterly financial results as well as interim dividend on January 29. NTPC board approved an interim dividend of Rs 3 per share for the financial year 2020-21.
“A meeting of the Board of Directors of the Company is scheduled to be held at New Delhi on Saturday, 29th January, 2022, to inter-alia, consider, approve and take on record the Un-audited Financial Results of the Company for the quarter and nine-months period ended December 31, 2021 after these results are reviewed by the Audit Committee of the Board,” NTPC Limited said in a regulatory filing today.
Interim dividend on the equity share capital of the Company for the year 2021-22 may also be, inter-alia, considered in the same Meeting of the Board of Directors, it said, adding that the Company has fixed Saturday, February 5, 2022 as the “RECORD DATE” for the purpose of ascertaining the eligibility of the shareholders for payment of interim dividend, if declared by the Board.
The power generator reported a 14.7 per cent on-year rise in revenue from operations to Rs 28,329 crore in the second quarter (Q2) of the current fiscal that was higher than estimated. The surge in revenues during the quarter was powered by a rise in demand for power due to the rapid reopening of the economy post the second wave and rising vaccination rate.
