NTPC Limited (NTPC) has declared net sales of INR112.7 billion for the third quarter of fiscal 2008/09, compared with net sales of INR93.3 billion in the year-ago quarter. It has also reported net profit of INR22.5 billion, or INR2.73 per share, for the third quarter of fiscal 2008/09, compared with the net profit of INR17.8 billion, or INR2.16 per share, in the year-ago quarter.
The board of directors has declared an interim dividend of INR2.80 per share (face value INR10/- each) in the meeting held on January 24, 2009 (Interim dividend declared in the previous year wasINR2.70 per share of face valueINR10/- each).
The company has paid a final dividend of INR0.80 per share (face value INR10/- each) for the year 2007-08 (total aggregating to INR3.50 per share of face value INR10/- each for the year 2007-08) during the nine-month period ended December 31, 2008 as approved by the share holders on the annual general meeting held on September 17, 2008.
During the quarter, one 500 MW unit of Kahalgaon super thermal power project of the company has been declared commercial w.e.f. December 30, 2008.