Singrauli: Meja Urja Nigam Private Limited (MUNPL), an equi-participation Joint Venture Company Promoted by Maharatna Power Utility NTPC Limited & UP State Owned UP Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) has paid first ever Final Dividend of Rs.0.28 per Ordinary Share of 10/- each amounting to Rs.102.27 Crores for the financial year ended 31st March 2024. The dividend declared in 16th Annual General Meeting of the Company, has been remitted to both the shareholders.
K. Shanmugha Sundaram Chairman MUNPL and Kamlesh Soni CEO MUNPL presented the ceremonial cheque of first ever dividend of the Company amounting to Rs.46.02 Crores nett of TDS to Gurdeep Singh, Chairman & Managing Director, NTPC Limited. To mark the historic event Ravindra Kumar Director(Operations) NTPC Limited ,. Anil Kumar Jadli Director (HR) NTPC Limited, Aditya Dar, ED(Finance) NTPC, Ritu Arora, Company Secretary-NTPC, .Amit Rautela CFO MUNPL and Ms.Priyanka Co. Secretary MUNPL were present.
This milestone follows MUNPL’s record achievements for the financial year 2023-24, with revenues reaching ₹4,283 crores and a net profit of ₹348 crores. Kamlesh Soni CEO MUNPL, shared that for the financial year 2023-24 Company has achieved highest gross commercial generation of 8276Million Units and with stabilisation of Stage I of 660*2 MW MTPP, Company is aiming to become the leading power producer in Uttar Pradesh with planned Capacity addition of 5600 MW. In addition to power generation, MUNPL is committed to its efforts for community development and corporate social responsibility, with special emphasis in the field of infrastructure development, health and sanitation, drinking water, education, women’s empowerment and skill-building. First Ever dividend by the Company not only endorses MUNPL’s commitment to delivering value to its shareholders but also reinforces its dedication to sustainable growth and community upliftment.
