Maharatna PSU National Thermal Power Corporation (NTPC) registered a whopping 33% surge in its consolidated net profit to Rs. 6,490.05 crore in the March 2024 quarter (Q4 FY24) owing to higher revenues.
The PSU’s board recommended a final dividend of Rs. 3.25 per equity share for FY24. This final dividend is in addition to the first interim dividend at Rs. 2.25 per share and the second interim dividend at Rs. 2.25 per share of face value of Rs. 10 each for 2023-24, paid in November and February, respectively.
The PSU board, in their meeting on Friday, accorded the in-principle approval for incorporation of a wholly-owned subsidiary company for undertaking nuclear energy business, subject to the approval of its administrative ministry – the Ministry of Power, DIPAM, NITI Aayog and other statutory authorities as may be required.
