NTPC Pays Dividend and Plans Green Hydrogen Plant in Andhra Pradesh
Key Ideas
- NTPC pays an interim dividend of Rs 2,424 crore to its shareholders for the financial year 2024-25, continuing a 32-year streak of dividend distribution.
- The company plans to establish a green hydrogen plant in Andhra Pradesh at Simhadri by utilizing an innovative, low-carbon desalination process.
- The green hydrogen plant will convert seawater into hydrogen-grade water by leveraging waste heat from the thermal power plant flue gas, enabling cost-effective production.
- NTPC's initiative reflects a commitment to green energy and sustainable practices, aligning with global efforts to transition towards cleaner energy sources.
State-owned NTPC announced the payment of an interim dividend amounting to Rs 2,424 crore for the financial year 2024-25 in New Delhi. This marks the 32nd consecutive year of dividend distribution by the company. NTPC's CMD Gurdeep Singh, along with the Board of Directors, handed over the payment advice to the Minister of Power and the Power Secretary. The company's Board had approved the first interim dividend on the face value of its shares for the financial year. In addition to the dividend news, NTPC revealed plans to establish a green hydrogen plant at Simhadri in Andhra Pradesh. This plant's unique feature is the implementation of a low-carbon desalination process that utilizes waste heat from the thermal power plant flue gas to convert seawater into hydrogen-grade water efficiently. By enabling this low-cost conversion, NTPC aims to contribute to the green hydrogen sector and promote sustainable energy practices. The initiative signifies NTPC's commitment to embracing green energy solutions and aligning with global efforts to reduce carbon emissions and promote environmental sustainability.