The shareholders of PTC India have approved a final dividend of Rs 5.80 per equity share
According to a business release, this final payment is in addition to the interim dividend of Rs 2 per equity share.
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PTC India, a provider of power trading solutions, announced on Monday that its shareholders had authorised a final dividend of Rs 5.80 per equity share for 2021-22.
According to a business release, this final payment is in addition to the interim dividend of Rs 2 per equity share.
The shareholders approved the final dividend in addition to the interim dividend at the company's annual general meeting (AGM) on December 30, 2022, making it the highest-ever payout announced by the company, it said.
"We are also exploring prospects in new fields of Green Hydrogen, Battery Energy Storage Systems through cooperation with global technology companies," PTC India CMD (additional charge) Rajib K Mishra said.
Meanwhile, consolidated profits for the fiscal year ended March 31, 2022 increased by 21%. The combined PAT (profit after tax) for FY22 climbed to Rs 552 crore from Rs 458 crore in FY21.
In addition, the corporation recorded record volumes of 87.5 BU (billion units) during the fiscal year 2021-22, a 9.3 percent increase.
