NTPC pays Rs 3,393.83 crore final dividend, takes FY26 payout to record Rs 8,727 crore

State-owned power major NTPC Wednesday said it has paid a final dividend of Rs 3,393.83 crore for 2025-26, taking its total dividend payout for the financial year to Rs 8,727 crore, the highest annual payout by the company so far. The final dividend payment follows approval by shareholders at NTPC’s 50th Annual General Meeting held on August 28. The company had already distributed interim dividends totalling Rs 5,333.17 crore during FY26.

33rd consecutive annual dividend

With the latest payment, NTPC has maintained its uninterrupted dividend-paying record for the 33rd consecutive year. The company said the total FY26 dividend of Rs 8,727 crore represented 44.4 per cent of its standalone profit after tax for the year, underlining the utility’s continuing returns to shareholders alongside its expansion plans. NTPC had declared interim dividends in multiple tranches during the financial year before approving the final payout. The company said the latest dividend reflects its “robust financial performance, consistent profitability and commitment to delivering sustained value to shareholders”. The Centre, as NTPC’s majority shareholder, is the largest beneficiary of the dividend distribution.

Power portfolio expands

NTPC remains India’s largest integrated power utility and plays a central role in the country’s electricity generation system. While thermal power continues to account for the largest share of its portfolio, the company has been expanding into renewable energy as India accelerates its transition towards cleaner sources. The utility and its group companies have been adding solar, wind and other renewable capacity while simultaneously expanding conventional generation to meet growing electricity demand.

NTPC is also exploring emerging areas including green hydrogen, energy storage and nuclear power as part of efforts to diversify its generation portfolio. The company has set a target of building 60 GW of renewable energy capacity by 2032, making clean energy a major component of its longer-term growth strategy.

Balancing investment and returns

The record dividend comes as NTPC undertakes a substantial capital expenditure programme to increase generation capacity and strengthen its position across conventional and renewable energy. For a capital-intensive utility, dividend payouts must be balanced against funding requirements for new projects. NTPC’s FY26 distribution indicates that the company continued returning a sizeable portion of earnings to shareholders while pursuing capacity expansion.

Its dividend record is also significant for the government’s non-tax revenue, with dividends from central public sector enterprises forming one of the sources of receipts for the Centre. NTPC’s 33-year uninterrupted dividend history places it among the country’s more consistent dividend-paying public sector enterprises.

With the Rs 3,393.83-crore final payment now completed, the company’s aggregate distribution of Rs 8,727 crore for FY26 has surpassed its previous annual dividend payouts and marked another year of substantial shareholder returns for India’s largest power producer.