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NVVN pays dividend to NTPC

Press Trust of India  |  New Delhi 

Vidyut Vyapar Nigam (NVVN), the power trading arm of NTPC, has paid a final dividend of Rs 30 crore to the state-run power giant for 2016-17.

The dividend cheque was given by A K Garg, CEO, NVVN to Gurdeep Singh, CMD, in the presence of senior officials of both the companies, said in a statement.

According to the statement, the NVVN has paid a cumulative dividend of Rs 137.63 crore to the NTPC since inception.

The NVVN is the only state-run firm in the power sector, which is engaged in the business of power trading.

The NVVN is holding highest Category 'I' license as per latest Central Electricity Regulatory Commission regulation.

Its main areas of business include short/medium/long term power trading, solar bundled power, cross border power trading, power wwap arrangement.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 07 2017. 22:32 IST