APCPL, IPGCL and HPGCL pay second interim dividend for FY 2021-2022
Aravali Power Company Private Limited (APCPL), a joint venture company of NTPC, Indraprastha Power Generation Company Limited (IPGCL) and Haryana Power Generation Corporation Limited (HPGCL) paid the second interim dividend of `135 crores (net of TDS) for the financial year 2021-22 towards NTPC’s 50 per cent share.
Somes Bandyopadhyay, CEO(APCPL) handed over dividend cheque of `135 crores to Gurdeep Singh, chairman & MD, NTPC on November 30.
The interim dividend @ 10.467 per cent on the paid up capital has also been paid to other joint venture partners viz. IPGCL and HPGCL on their respective shareholding of 25 per cent each.
The total interim dividend paid to its promoters for the financial year 2021-22 is `900 crores, which is the highest ever interim dividend paid by APCPL since inception.