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NTPC board to meet on 28 October to consider dividend, Q2 results

Oct 20, 2023

By: BlinkX Research Team

The massive state-owned power company NTPC notified the exchanges on Thursday of the upcoming board meeting scheduled for October 28, 2023, which will address the financial results for the month of September 2023 as well as any interim dividends. With a 25% share in the nation's electricity needs, NTPC Ltd. is the largest integrated power utility in India.

The coal production for the April-September period of current fiscal year increased by 83% over the same time last year, according to a report released on Tuesday by the state-run power behemoth NTPC.

According to a company statement, NTPC Ltd. reported a significant increase in coal production from its captive mines of 83% during H1 FY 2023–24 compared to the same time the previous year. 

In H1 FY24, the firm produced 16.05 million metric tonnes (MMT) of coal, up from 8.76 MMT in H1 FY23 (April-September 2022).

Furthermore, in H1 FY24, NTPC managed to despatch 17.20 MMT of coal, a noteworthy 94% increase over the same time the previous year. With a 25% share in the nation's electricity needs, NTPC Ltd. is the largest integrated power utility in India.