Page 22 - Dividend

NTECL pays Rs 100.11 crore interim dividend to NTPC for its 50% stake

NTPC Tamil Nadu Energy Company Limited (NTECL) has paid an interim dividend of over Rs 100.11 crore to NTPC for 2022-23. NTPC Tamil Nadu Energy Company Limited is a 50:50 joint venture of NTPC Limited and Tamil Nadu Generation and Distribution Corporation (TANGEDCO). "NTECL paid second interim dividend of Rs 100,11,68,090 for the year 2022-23 towards NTPC's 50 per cent share," NTPC said in a statement on Thursday. Ramesh Babu V, Chairman, NTECL & Director (Operations), NTPC, presented the cheque to Gurdeep Singh, Chairman & Managing Director, NTPC. Jaikumar Srinivasan, Director (Finance), NTPC, and Sandeep Aggarwal, ED (Finance) & Director, NTECL, were also present on the occasion.

Over a billion unclaimed shares in IEPF, shows Lok Sabha data

Less than 2% of such shares with IEPF make their way back to investors, shows data before Lok Sabha

Vedanta Group notifies third interim dividend of Rs 17.50 per share

Vedanta Group approved the third interim dividend of Rs 17.50 per share or 1750 per cent for the financial year 2022-23, on Tuesday November 2022

Power Grid Corporation net profit up over 8% in Q2; declares 50% dividend

State-owned Power Grid Corporation on Saturday posted over eight per cent rise in consolidated net profit at Rs 3,650.16 crore in the September quarter of FY23, mainly on the back of higher revenues. The consolidated net profit of the company was Rs 3,376.38 crore in the quarter ended on September 30, 2021, a BSE filing showed. The total income of the company rose to Rs 11,349.44 crore in the quarter from Rs 10,514.74 crore in the same period a year ago. Board of directors, in its meeting held on Saturday, approved the payment of an interim dividend of Rs 5 per equity share of Rs 10 each (@50 per cent of the paid-up equity share capital) for the financial year 2022-23.

Hindustan Copper pays Rs 74 cr dividend to Centre for FY22: Ministry

State-owned Hindustan Copper has paid a dividend of Rs 74.20 crore to the Centre for FY'22. "Hindustan Copper... has paid today a dividend of Rs 74.20 crore to the Government of India for FY 2021-22 being 30.01 per cent of Profit After Tax (PAT) in compliance with DIPAM guidelines," the mines ministry said in a statement. Total dividend pay-out to all shareholders was Rs 112.17 crore. The dividend per share was the highest ever declared by the company. During FY'22, the company achieved the highest-ever net turnover of Rs 1,812 crore and Profit Before Tax of Rs 381.76 crore. The company is currently implementing its mine expansion plan to achieve 12.2 million tonnes per annum ore production. Hindustan Copper, a public sector undertaking, is under the administrative control of the mines ministry. It is the country's only vertically integrated copper producing company as it manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refin

Govt gets Rs 952 cr dividend from IRFC, NALCO, Concor: DIPAM secy

The government has received Rs 952 crore as dividend from three public sector companies, DIPAM Secretary Tuhin Kanta Pandey said on Friday. With this, the total dividend receipts of the government from CPSEs so far this fiscal stands at Rs 16,728 crore. "Government has respectively received about Rs 711 crore, Rs 141 crore and Rs 100 crore from IRFC, NALCO, and CONCOR as dividend tranches," Pandey tweeted.

Anil Agarwal-led Vedanta group gets shareholder nod to rejig capital

The development acquires significance since Vedanta's holding company, Vedanta Resources, will receive nearly 70 per cent of the dividend to be distributed

Anil Agarwal faces key vote for plan to tap Vedanta cash reserves

Shareholders of Indian unit Vedanta Ltd. will on a company plan to move money out of its reserves and into its balance sheet, increasing the probability that the funds will be used for dividends

Govt gets Rs 1,203-cr dividend from 5 CPSEs, including SAIL, IRCTC

The government has received Rs 1,203 crore as dividend tranches from five CPSEs, including SAIL, HUDCO and IRCTC.

ONGC wants govt to scrap windfall tax, use dividend to tap into earnings

India's top oil and gas producer ONGC wants the government to scrap windfall profit tax levied on domestically produced crude oil and instead use the dividend route to tap into bumper earnings resulting from surge in global energy prices. The firm also favours a floor price for natural gas at USD 10 per million British thermal unit -- the current government-dictated rate -- to help bring deposits in challenging areas to production, two sources aware of the matter said. State-owned Oil and Natural Gas Corporation (ONGC) management during discussions with government officials stated that levying windfall profit tax on domestic oil producers, while at the same time reaping rich savings from buying discounted oil from Russia was unfair. Buying discounted Russian crude oil, which was shunned by the West since the Ukraine conflict, has helped save Rs 35,000 crore and this savings should be ploughed back by boosting domestic output, they said. ONGC management has told the government the .

NTPC pays final dividend of Rs 2,909 crore to shareholders for FY22

NTPC has paid a final dividend of Rs 2,908.99 crore for 2021-22 to its shareholders. The final dividend is 30 per cent of the paid-up equity share capital of the company, an NTPC statement said. With this, the total dividend paid for 2021-22 is Rs 6,787.67 crore, which is 42 per cent of the PAT (profit after tax) for last fiscal year.

Minority investors may seek higher dividend as Tata Sons posts huge profit

Firm reports Rs 19,638 crore liability towards AGR dues of Tata Teleservices, makes provisions of Rs 1,148 crore for AGR and is expected to make additional provisions in the years ahead

Companies divided over the size of chips they plan to make in India

Chips of smaller nodes are faster and more profitable, but their factories can cost as much as a nuclear power plant

Forbes & Co zooms 20% on special dividend cheer; stock up 53% in 3 days

The company has fixed Thursday, August 25, 2022 as the 'Record Date' for the purpose of ascertaining the shareholders who shall be eligible for receipt of special interim dividend.

Vedanta to pay out Rs 7,250 cr on second interim dividend at Rs 19.5/share

So far, the company's dividend payout in FY23 stands at Rs 18,960 crore, ahead of FY22 total dividend of Rs 16,740 crore

ICICI Lombard's Q1 net up 80% to Rs 349 cr on strong premium income

The gross direct premium income by the insurer during the period was Rs 5,370 crore, up 28.2 per cent from the year-ago period

The weaker side of generosity

High dividend payouts reflect low growth expectations

Vedanta declares dividend of Rs 19.5 per share in boost to London parent

The hefty dividend comes even as the firm plans to ramp up capital investment to as much $2 billion in the year ending March 2023

Robust oil earnings likely to drive RIL's Q1 results, say analysts

Retail to benefit from low base; tariff hikes to power telecom growth

Top 20 dividend-paying firms raise shareholder rewards in FY22: Experts

Vedanta, for instance, is majority-owned by Vedanta Resources, led by billionaire Anil Agarwal