State-run NTPC has paid an interim dividend of Rs 2,885.92 crore for the current fiscal.
“NTPC paid the highest-ever interim dividend of Rs 2,885.92 crore,” a company statement said today.
Interim dividend is a payment made before a company’s final financial statements. NTPC paid this dividend to the government, which is the promoter of the company with 84.5 per cent stake.
The company has paid an interim dividend of Rs 3.50 per equity share, being 35 per cent of the paid-up equity share capital of the company amounting to Rs 2,885.92 crore for the financial year 2011-12 on February 9, 2012, it said.
Net profit of the company rose 10 per cent to Rs 2,130.39 crore for the quarter ended December 31, 2011 due to increase in coal prices. NTPC had posted a net profit of Rs 2,371 crore during the corresponding period last fiscal.
Cost of fuel (coal) witnessed a sharp jump of about 29 per cent at Rs 10,793.29 against Rs 8,338.64 crore.
Net sales rose 14 per cent to Rs 15,332 crore from Rs 13,421 crore.
NTPC floated a tender in November 2011 for importing 4 million tonnes of coal during the current financial year to feed its plants. The company’s annual coal requirement is approximately around 164 mt. It generates over 36,000 MW of electricity from its various power plants from all sources of energy.