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.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.