Team Blitz India
NEW DELHI: State-run power generator National Thermal Power Corporation (NTPC), revealed a consolidated net profit of Rs 4,726.4 crore in the second quarter of 2023-24.
This marks a notable increase of 38.3 percent, compared to the Rs 3,417.67 crore reported in the corresponding period of the previous year.
Furthermore, the company’s board has given the green light for the distribution of the first interim dividend, set at Rs 2.25 per share on the face value of paid-up equity shares of Rs 10 each for the financial year 2023-24. Shareholders can anticipate receiving this dividend on November 23.
During the quarter ending in September 2023, NTPC Ltd recorded a total revenue from operations of Rs 44,983.35 crore, indicating a modest uptick of 1.8 percent from the Rs 44,175.03 crore reported in the same quarter of the prior fiscal year.
NTPC plays a pivotal role in India’s power landscape, contributing a significant 25 percent to the nation’s power requirements.
