NTPC shares rise after company revives plans for commercial mining, pays final dividend

The PSU announced that it has paid a final dividend of Rs 2,908.99 crore for 2021-22 to its shareholders.

NTPC said in an statement that the final dividend is 30 percent of the paid-up equity share capital of the company. The total dividend paid for 2021-22 is Rs 6,787.67 crore, which is 42 percent of the PAT (profit after tax) for last fiscal year.

On September 9, the company had announced that it had entered into a pact to supply renewable energy to the country's Armed Forces. As per the deal, NTPC would supply renewable energy to the Military Engineering Services, a construction and maintenance agency, and one of the pillars of Corps of Engineers of the Indian Army that provides rear line engineering support to the Armed Forces.