NTPC sets September 2 record date for final dividend amid ₹12,000 crore debt plan
India’s state-run power producer NTPC has set a September 2 record date for its final dividend, offering investors a 2.72 percent yield even as the company prepares to raise up to ₹12,000 crore in domestic debt.
India’s state-run power producer NTPC has fixed September 2, 2026, as the record date for its final dividend for the 2025-26 financial year. The company will pay ₹3.50 per share, requiring investors to purchase the stock by September 1 to qualify under the market’s T+1 settlement cycle.
This payout is scheduled for distribution on or after September 23, 2026. The distribution marks the 48th dividend declared by the utility since February 2005, maintaining a current dividend yield of 2.72 percent for income-focused investors.
The announcement arrives as NTPC shares face near-term market pressure, having declined 4 percent over the past week and 7 percent over the past month. This contributes to a roughly 4 percent year-to-date drop in 2026 for the PSU stock. However, long-term holders have seen returns of approximately 183 percent over five years, with the share price oscillating between a 52-week low of ₹315.55 in December 2025 and a high of ₹414.40 in April 2026.
Underpinning these shareholder returns is a robust recent earnings performance, with NTPC reporting an 11.9 percent year-on-year increase in first-quarter standalone net profit to ₹5,342.4 crore. Revenue grew 3 percent to ₹43,832 crore, while EBITDA surged 22.8 percent to ₹12,629 crore, expanding the EBITDA margin to 28.8 percent from 24.2 percent a year earlier.
Capital raising plans
Looking ahead, the company is actively positioning to strengthen its capital base for future expansion. The board has approved a proposal to raise up to ₹12,000 crore through non-convertible debentures in the domestic market, pending shareholder approval.
This debt issuance may be executed in up to 12 tranches or series via private placement, with specific terms determined at the time of each series. The fundraising programme will remain valid for one year or until the company's next annual general meeting in fiscal year 2028, whichever occurs first, providing flexible funding for ongoing operations.
