Monday, Jun 24 2024 | Time 08:00 Hrs(IST)
Business Economy

NTPC profit jumps 33pc to Rs 6,490 crore in Q4, dividend declared

New Delhi, May 24 (UNI) State-run power producer NTPC on Friday reported a 33.22% year-on-year rise in consolidated net profit at Rs 6490.05 crore for January-March quarter (Q4) of financial year 2023-24.
The company had posted a profit of Rs 4,871.55 crore in Q4 of the previous financial year 2022-23.
In the March quarter of FY24, NTPC reported a 9% increase in total income at Rs 48,816.55 crore as against Rs 44,744.96 crore in the same quarter of 2022-23.
The power major's consolidated net profit in the fiscal 2023-24 increased to Rs 21,332.45 crore from Rs 17,121.35 crore in 2022-23. The company's total income increased to Rs 1,81,165.86 crore in FY24 from Rs 1,77,976.39 crore in FY23.
The NTPC board in its meeting on Friday recommended the final dividend of Rs 3.25 per share for the financial year 2023-24, subject to the approval of the shareholders in the ensuing Annual General Meeting (AGM).
"The aforesaid final dividend is in addition to the first interim dividend at the rate of Rs 2.25 per share and second interim dividend at the rate of Rs 2.25 per share of face value of Rs 10 each for the financial year 2023-24 paid in November'23 and February'24, respectively," the power major said in a regulatory filing.
More News

Lets make India “Food Basket” of the world: Chouhan to Agri scientists

22 Jun 2024 | 7:28 PM

New Delhi, June 22 (UNI) Union Agriculture Minister Shivraj Singh Chouhan on Saturday appealed to the scientific community to work in the interest of small and medium farmers to bring revolution in Indian agriculture and make India the “Food Basket” of the world.

see more..

Centre notifies new Telecom Act, replacing the archaic Telegraph Act, 1885

22 Jun 2024 | 7:14 PM

New Delhi, June 22 (UNI) The government on Saturday notified several provisions of the New Telecom Act 2023 with effect from June 26, scrapping the archaic Telegraph Act, 1885, with the objective of reducing uncertainties, improving investor confidence, and being a step towards ease of doing business.

see more..

Skill India International: Global workforce transformation

22 Jun 2024 | 5:21 PM

New Delhi, June 22 (UNI) Skill India International is rapidly advancing India's skilling ecosystem, positioning the nation as a global hub for a skilled workforce.

see more..

Industrialist expecting relief on tax, reducing GST rates from govt

22 Jun 2024 | 2:38 PM

Pune, June 22 (UNI) Ahead of Union Budget, which will presented in July after the formation of a new BJP-led NDA government at the centre, Pune industrialists are expecting relief from tax and a reduction in the rates of GST.

see more..

CII inaugurates new Marathwada office in Sambhajinagar

22 Jun 2024 | 2:26 PM

Chhatrapati Sambhajinagar, June 22 (UNI) The Confederation of Indian Industry (CII) announced on Saturday the opening of its new zonal office near Akashwani Chowk in Chhatrapati Sambhajinagar of the Marathwada region of Maharashtra in the presence of national, regional, state, and zonal CII leadership.

see more..