New Delhi: Meja Urja Nigam Private Limited (MUNPL), a Joint Venture of NTPC Limited and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited, has declared an Interim Dividend of Rs.0.55 per equity share for the financial year 2025–26.
The decision was approved by the Board of Directors through circulation on 29 December 2025. The total interim dividend pay-out aggregates to Rs.200.90 crore, which will be paid out of the profits for the period.
Amit Rautela Chief Financial Officer, MUNPL, stated “The timely declaration and remittance of the interim dividend reflects MUNPL’s strong cash generation, sound financial controls, and commitment to disciplined capital allocation. This also demonstrates our focus on transparency, compliance, and consistent value delivery to stakeholders. Recently rating of the Company was also upgraded by two notches to Care A+ by CareRating Agency.
MUNPL operates the 2×660 MW Meja Thermal Power Station in Uttar Pradesh, a strategically important asset contributing to regional grid stability and energy security and has optimistic plans for Capacity addition of 5600 MW in near future in state of Uttar Pradesh.
Asesh Kumar Chattopadhyay, Chief Executive Officer of the Company, stated with the technical expertise and operational excellence of NTPC Limited, Meja Urja Nigam Private Limited has surpassed the expectations of its promoters. During the current year itself, the Company has paid a total dividend of Rs.351.65 crore, including this interim payout. With the stabilization of both 660 MW units, the Company is well positioned to generate impressive revenues in line with stakeholder expectations.
At the same time, the Company remains deeply committed to inclusive growth by supporting livelihood enhancement, infrastructure development, and skill development in the surrounding areas through its various CSR initiatives.
