NTPC-SAIL JV announces Rs 3 cr dividend

Thursday, March 22, 2007, 19:38 [IST]

New Delhi, Mar 22 (UNI) NTPC-SAIL Power Company Pvt Limited (NSPCL), a 50:50 joint venture between Steel Authority of India Ltd and National Thermal Power Corporation, today declared an interim dividend of Rs three crore for its shareholders.

NSPCL Chairman R C Srivastava presented a cheque of Rs 1.5 crore to SAIL Chairman S K Roongta and its joint partners.

NSPCL, which manages the captive power plants at Rourkela, Durgapur and Bhilai with a combined capacity of 314 MW has been in profit ever since its formation in 2001.

UNI

Topics: company, pvt, limited, (nspcl), 50:50, joint, venture, steel, authority, india, ltd, natio

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