Meja Urja Nigam Pvt Ltd (MUNPL), a 50:50 joint venture between NTPC Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL), has paid its first-ever dividend of Rs 510 million each to its parent companies. MUNPL’s Chairman K. Shanmugha Sundaram, CEO Kamlesh Soni, and CFO Amit Rautela presented the dividend cheque to NTPC CMD Gurdeep Singh in the national capital. A similar cheque will be presented to UPRVUNL management next week.
MUNPL reported a revenue of Rs 42.83 billion and a net profit of Rs 3.48 billion in FY24, with its 2X660 MW thermal unit in Meja, Uttar Pradesh, achieving its highest gross commercial generation of 8,276 million units.