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New Delhi, Oct. 7

National Thermal Power Corporation (NTPC) declared its highest ever dividend. At about Rs 2,886 crore for the financial year 2007-08, it amounts to 35 per cent of the PSU’s paid up capital. Shareholders of the company approved a final dividend of 8 per cent amounting Rs 659.63 crore at the 32nd Annual General Meeting of the company held on September 17. Mr R.S. Sharma , Chairman and Managing Director, NTPC, presented a cheque amounting to Rs 590.37 crore to Mr Sushil kumar Shinde, Union Minister of Power, as Government’s share towards final dividend for the 2007-08. The company had earlier in February paid an interim dividend of Rs 1,992.50 crore. Thus, NTPC has made a total dividend payment of Rs 2,582.87 crore to Government of India for the FY 2007-08 as against Rs 2,361.48 crore in the last FY 2006-07.

– Our Bureau

More Stories on : Dividend Announcement | Power | NTPC Ltd

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