NTPC SAIL Power Company Limited (NSPCL), a joint venture (JV) company of NTPC Limited & SAIL (50:50) paid second interim dividend of Rs 45 crores/- (net of TDS) for the financial year 2021-22 towards NTPC Limited’s 50 per cent share.
Debasish Chattopadhyay, CEO, NSPCL had presented the cheque to Gurdeep Singh, chairman and MD of NTPC on December 29, 2021. A K Gautam, director (Finance), D K Patel, chairman of NSPCL and director (HR), NTPC, Ramesh Babu V, director (Operations), NTPC, C K Mondol, director (Commercial), NTPC, U K Bhattacharya, director (Projects), NTPC, Alka Saigal, director (NSPCL) and general manager (Internal Audit), NTPC, Nandini Sarkar, company secretary, NTPC and N K Gupta, CFO, NSPCL were also present on the occasion.
The interim dividend is also being paid to other Joint Venture partner viz SAIL on its shareholding of 50 per cent in NSPCL. The total interim dividend paid to its promoters for the financial year 2021-22 is Rs 150 crores.
NSPCL has paid a total dividend of Rs 1,540 crores since inception.