Utility Powertech Ltd., (UPL) a Joint Venture Company of NTPC Limited & Reliance Infrastructure Ltd. declared a dividend of Rs 340 lakh, (170%) for the financial year 2007-08. This is the 6th year in a row that the Company is paying Dividend of 100% or more. A dividend cheque of Rs 120 lakh (as NTPC share) was presented to Shri R.S.Sharma, Chairman & Managing Director, NTPC Ltd by Shri A.K.Singhal, Director, UPL and Director(Finance), NTPC in New Delhi today.

An interm dividend of Rs 50 lakh was paid earlier. Present on the occasion were Shri R.C. Shrivastav, Director [HR], Shri K.B. Dubey, Director [Project], Shri G.K. Aggarwal, Director, UPL & ED (HR&PMI), NTPC, Shri I.S. Parswal, Chief Executive, UPL and other senior officers of NTPC and UPL.