NTPC Pays Record Dividend and Ventures into Green Hydrogen Production in Andhra Pradesh
Key Ideas
- NTPC paid an interim dividend of ₹2,424 Crore for the fiscal year 2024-25, marking 32 years of consecutive dividend payments to shareholders.
- The company plans to build a plant in Simhadri, Andhra Pradesh, to produce green hydrogen from saltwater, utilizing an innovative, low-carbon desalination system.
- NTPC reported a consolidated net profit of ₹5,380.25 Crore for the September quarter, signaling a 14% increase compared to the previous year.
- Despite a decrease in total income, NTPC's initiatives in green hydrogen production indicate a positive trajectory towards sustainable energy practices.
NTPC Limited, a leading state-owned power company, recently disbursed an interim dividend of ₹2,424 Crore for the fiscal year 2024-25. This dividend, amounting to 25% of the company's paid-up equity share capital, was the first interim dividend paid in the current financial year. Gurdeep Singh, the company's CMD, along with the Board of Directors, facilitated this dividend payment, with a significant portion allocated to the government. Moreover, NTPC announced plans to establish a green hydrogen plant in Simhadri, Andhra Pradesh. The innovative approach involves utilizing waste heat from thermal power plant flue gas to convert saltwater into hydrogen-grade water, ensuring a cost-effective production process. This strategic move aligns with NTPC's focus on sustainable energy solutions and diversification. Additionally, the company reported a consolidated net profit of ₹5,380.25 Crore for the September quarter, reflecting a notable 14% increase from the previous year. Despite a slight decline in total income, NTPC's foray into green hydrogen production indicates a positive shift towards environmentally friendly practices and underscores its commitment to innovation in the power sector.