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The central government has received about Rs 1,487 crore from NTPC as a dividend tranche, the secretary at the Department of Investment and Public Asset Management posted on its X handle on Friday.
A dividend is a reward companies often provide to their shareholders, though not mandatorily, from a portion of their earnings. NTPC, a state-owned company, is Indias largest power utility firm with an installed capacity of 73,824 MW (including Joint Ventures) and plans to become a 130 GW company by 2032. On Wednesday, it received about Rs 1,701 crore from Power Grid Corporation of India Limited (PGCIL) as a dividend. Earlier, on Monday, the government has respectively received about Rs 2,182 crore and Rs 460 crore from Indian Oil Corporation Ltd and Bharat Petroleum Corporation Ltd as dividend tranches. (ANI)
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