NTPC Limited has fixed September 2, 2026, as the record date for ascertaining shareholder entitlement to the final dividend for the financial year 2025-26 (FY26). The Board of Directors recommended a final dividend of ₹3.50 per equity share, carrying a face value of ₹10 each. This declaration provides clarity on the timeline for returns to investors, with payment scheduled on or after September 23, 2026, pending ratification at the company’s 50th Annual General Meeting (AGM).

The 50th AGM is scheduled for August 27, 2026, at 10:30 a.m., conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). This mode of meeting complies with circulars from the Ministry of Corporate Affairs and the Securities and Exchange Board of India. Shareholders with registered email addresses will receive the AGM notice and the Annual Report for FY26 electronically.

The disclosure was issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following an earlier announcement on May 23, 2026. The dividend recommendation was approved by the Board during its meeting on that date. If shareholders approve the dividend at the AGM, payments will be made subject to applicable tax deductions at source.

Dividend Details

Ritu Arora, Company Secretary and Compliance Officer, signed the disclosure dated July 27, 2026. The communication was directed to BSE Limited, National Stock Exchange of India Limited, Central Depositories Services (India) Limited, National Securities Depositories Limited, and Beetal Financial & Computer Services Pvt. Ltd. for necessary action regarding share transfers and dividend processing.

NTPC Limited reported a record group profit of ₹27,546 crore in FY26, driven by strong operational efficiency and robust power demand, while unveiling an ambitious capital expenditure plan of ₹16.86 lakh crore through FY37. The company, which hosted its 22nd Annual Analysts and Institutional Investors Meet on July 27, 2026, in Mumbai, highlighted its transition strategy with a target to reach 136 GW of renewable energy capacity by FY37, up from 12 GW operational today.

The investor presentation, submitted under Regulation 30 of SEBI (LODR) Regulations, 2015, detailed NTPC’s financial performance and strategic roadmap. The management emphasized that India’s GDP growth, projected at 6.4% for 2026, continues to fuel structural demand in the power sector. NTPC’s total installed capacity reached 549 GW nationally, with the company holding a 24% share in electricity generation. The firm achieved a Plant Load Factor (PLF) of 72.04% for coal-based stations in FY26, maintaining a clear lead over the all-India average of 65.59%.

Financial Performance and Capital Allocation

NTPC delivered consistent growth in key financial metrics during FY26. The group’s EBITDA stood at ₹60,564 crore, reflecting an 8.54% CAGR over the last five years. Profit after tax (PAT) on a consolidated basis rose to ₹27,546 crore from ₹23,953 crore in FY25, marking a 12.89% CAGR. Standalone PAT increased by 17.9% to ₹23,162 crore. The company maintained a disciplined balance sheet with a debt-equity ratio of 1.32 and a leverage ratio of 4.41 times EBITDA.

The company committed to balancing shareholder payouts with growth deployment, delivering the highest-ever dividend payout on a cash basis in FY26. The dividend per share was ₹4.41, compared to ₹4.19 in FY25. Retained earnings supported the massive capex pipeline, with total debt rising to ₹2,67,258 crore as of March 31, 2026.

Energy Transition and Capacity Expansion

NTPC’s corporate plan 2037 outlines a significant shift towards non-fossil fuels. The company aims to achieve 136 GW of renewable capacity by FY37, contributing to India’s net-zero goal by 2070. Currently, NTPC has 90.9 GW of operational capacity, with 35.7 GW under construction. The renewable portfolio includes solar, wind, and hydro assets, with a visible pipeline of approximately 30 GW.

The capex allocation is heavily skewed towards renewables and nuclear energy. For the period 2025-27, the average annual capex is projected at ₹1.4 lakh crore. Between 2027-32, this rises to ₹1.19 lakh crore annually, and further to ₹1.92 lakh crore annually for 2032-37. Nuclear energy forms a critical part of this transition, with NTPC aiming to contribute 30 GW towards the nation’s 100 GW nuclear capacity target by 2047. This includes the development of a 2.8 GW PHWR-based project at Mahi Banswara, Rajasthan, through its subsidiary Anushakti Vidyut Nigam Limited (ASHVINI).

Operational Excellence and Sustainability

Operational metrics remained robust in FY26. NTPC achieved 100% realization of receivables, amounting to ₹1.56 lakh crore, supported by tri-partite agreements and late payment surcharge rules. Fuel security was assured with 100% tie-up through long-term Fuel Supply Agreements (FSAs), and 18% of coal requirements were met from captive mines. The company transferred its coal mining business to NTPC Mining Ltd on April 1, 2026, consolidating its mining operations.

Sustainability initiatives saw tangible progress, with specific emissions of SOx dropping to 1.58 gm/kWh and NOx to 1.36 gm/kWh in FY26. The company avoided 31.5 million tonnes of CO2-equivalent emissions, a 53.5% year-on-year increase. NTPC was upgraded to "Medium Risk" by Sustainalytics w.e.f. July 24, 2026, and improved its S&P Global ESG score by 15.1 points since 2019. CSR spending in FY26 amounted to ₹526.98 crore, focusing on education, healthcare, and girl empowerment missions.