NTPC stock darts up on Unit 1 trial of Telangana power project

September 13, 2023 / 10:32 AM IST

Shares of NTPC Limited traded 1 percent higher astatine Rs 237 successful aboriginal commercialized connected September 13, recovering marginally aft the banal fell implicit 3 percent connected September 12. This comes aft the state-run powerfulness large announced that it has completed Unit-1 of 800 megawatts (MW) of the Telangana Super Thermal Power project.

The installed capableness of NTPC Limited and NTPC radical has reached 57,838 MW and 73,824 MW, the institution said successful an speech filing connected September 12.

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On Tuesday, NTPC announced the outgo of Rs 2,909 crore arsenic last dividend for 2022-23. "This constitutes 30 percent of the paid-up equity stock superior of NTPC Ltd," a connection said.

The full dividend disbursed for FY 2022-23 stands astatine an awesome Rs 7,030 crore, which is 41 percent of the nett aft taxation (PAT).

This marks the 30th twelvemonth successful which the institution has distributed dividends, underscoring accordant returns to its investors, it added.

In a archetypal for the country, NTPC, 1 of India’s biggest ember consumers successful the powerfulness sector, has besides successfully produced 'green coal' (torrefied charcoal) successful a trial, utilizing garbage oregon municipal coagulated discarded (MSW). After the proceedings successful Varanasi, the cardinal nationalist assemblage undertaking has present decided to acceptable up much specified waste-to-coal plants crossed the country. The largest 1 is projected to beryllium acceptable up successful Greater Noida, with a capableness of 900 tonnes per time (TPD).

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