In a significant move for investors, 60 companies, including major Public Sector Undertakings (PSUs), are scheduled to trade ex-dividend on September 4. This announcement comes as NTPC Limited, one of India's largest power generation companies, concludes its 49th Annual General Meeting (AGM) with key resolutions passed.

Dividend Declarations

Several PSU giants have declared substantial dividends:

• Oil India: Final dividend of Rs 1.50 per share (15%)
• NTPC: Dividend of Rs 3.35 per share (33.5%)
• ONGC: Dividend of Rs 1.25 per share (25%)

Other notable dividend declarations include:

• AIA Engineering: Rs 16.00 per share (800%)
• Bharat Bijlee: Rs 35.00 per share (700%)
• Gujarat Gas: Rs 5.82 per share (291%)

Investors must purchase shares by the end of trading on September 3 to be eligible for these dividend payouts.

NTPC's 49th AGM Highlights

NTPC Limited recently held its 49th Annual General Meeting on August 29 through video conferencing. Key resolutions passed during the meeting include:

1. Adoption of audited financial statements
2. Confirmation of interim dividend and declaration of final dividend
3. Re-appointment of Shri Gurdeep Singh as Chairman & Managing Director
4. Appointment of new directors and independent directors
5. Ratification of cost auditors' remuneration

All resolutions were passed with significant majority, demonstrating strong shareholder support for the company's management and strategic decisions.

NTPC Group Capacity Expansion

NTPC Green Energy Limited, a subsidiary of NTPC, disclosed that its group company, Ayana Renewable Power Four Private Limited, has declared commercial operation of 25 MW solar capacity. This addition is part of a larger 150 MW solar project located in Bhuj, Gujarat.

With this new capacity, NTPC group's total installed and commercial capacity will reach 83,366 MW, reinforcing its position as a leader in India's power sector.

Investor Implications

The ex-dividend date of September 4 marks a crucial deadline for investors looking to benefit from the announced dividends. Shares purchased on or after this date will not be eligible for the dividend payout.

The diverse range of companies going ex-dividend spans various sectors, including engineering, chemicals, textiles, and financial services, offering investors a wide array of options to consider for potential dividend income.

As these companies, particularly the PSUs, continue to demonstrate strong financial performance and shareholder returns, investors are advised to carefully evaluate their portfolio strategies in light of these dividend announcements and recent corporate developments.

Seven prominent public sector undertakings (PSUs) are gearing up to report their quarterly results, with Bharat Heavy Electricals Limited (BHEL) expected to lead the pack with a return to profitability. The other companies in focus include IRCON International, RITES, Housing and Urban Development Corporation (HUDCO), Power Finance Corporation (PFC), Balmer Lawrie, and Shipping Corporation of India Land Assets.

BHEL: A Turnaround Story

BHEL, the engineering and manufacturing giant, is projected to make a strong comeback with an anticipated 22% revenue growth. The company's ordering activity is forecasted to be between ₹11,000-15,000 crore, a significant jump from ₹9,488 crore in the previous year. This positive outlook has already reflected in the market, with BHEL shares gaining 3% and showing a 6.60% increase year-to-date.

Adding to the positive sentiment, BHEL recently disclosed a change in its credit rating. While the specifics of the rating change were not provided, this development could potentially impact the company's borrowing costs and financial flexibility.

IRCON and RITES: Navigating Challenges

IRCON International, despite holding a robust order book of ₹27,208 crore, has seen its shares decline by 10% in the last month and 20% year-to-date. This presents a complex picture of strong fundamentals against market skepticism.

RITES, the transport infrastructure consultancy, has also faced headwinds with its shares falling 9% in the last month and 13% year-to-date. However, the company's financial performance shows resilience. In the previous quarter, while revenue declined 4.30% to ₹615 crore, EBITDA rose by 5.40% to ₹185.50 crore, indicating improved operational efficiency.

PFC: Steady Growth Amidst Market Volatility

Power Finance Corporation (PFC) is expected to report solid financial performance. Analysts project a 16.20% increase in Net Interest Income to ₹5,028 crore, coupled with a 7.50% rise in net profit to ₹3,999 crore. Despite these positive projections, PFC shares have experienced a 7.50% decline this year, reflecting broader market trends affecting the PSU sector.

HUDCO: Improved Asset Quality

Housing and Urban Development Corporation (HUDCO) demonstrated improved asset quality and impressive growth in the previous quarter, with a 26.30% increase in Net Interest Income. However, this positive performance hasn't translated into stock market gains, with shares declining 8% year-to-date.

Balmer Lawrie and Shipping Corporation of India Land Assets

While specific details for Balmer Lawrie and Shipping Corporation of India Land Assets were not provided, their upcoming results will be closely watched by investors looking for cues about the broader PSU sector performance.

As these seven PSU giants prepare to unveil their quarterly results, investors and market watchers will be keenly analyzing the numbers for signs of sector-wide trends and individual company performances. The contrast between BHEL's expected return to profitability and the stock market performance of companies like IRCON and RITES highlights the complex dynamics at play in the PSU sector.

The upcoming results will provide crucial insights into the financial health and operational efficiency of these PSUs, potentially setting the tone for the sector's performance in the coming quarters.