OTPC clocks its highest ever annual generation of power -Governance Now

OTPC clocks its highest ever annual generation of power

OTPC has become the first dividend paying standalone gas-based power generation company in India

GN Bureau | May 19, 2017

#PSU #ONGC Tripura Power Company #ONGC #IL&FS #IDFC #Tripura government

ONGC Tripura Power Company (OTPC), a joint venture company of ONGC, IL&FS, IDFC and Tripura government, has declared maiden dividend of 7.5 percent of paid-up equity share capital of Rs 1,120 crore amounting to Rs 84 crore for 2016-17 fiscal within two years of commencement of Palatana power project.

With this, OTPC has become the first dividend paying standalone gas-based power generation company in the country.

OTPC achieved highest ever gross generation of 4,170 MUs during FY 16-17 which surpasses previous annual best of 3,481 MUs during the same period in last fiscal. The power company has achieved excellent performance on financial parameters also during FY 16-17.

The company has achieved a turnover of Rs 1,297.89 crore during FY 16-17 up 18 percent from Rs 1,099.42 crore during FY 15-16.

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