Monday, November 29, 1999

NTPC net marginally down to Rs 2,017 crore

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NTPC's net profit for the fourth quarter ended March 31, 2010, fell marginally to Rs 2,017 crore against Rs 2,113 crore in the corresponding period of last year.NTPC's net sales during the fourth quarter increased 7.93% to Rs 12,353 crore. The company's total income zoomed to Rs 12,981 crore during the quarter under review against Rs 12,454 crore in the corresponding period last year. Meanwhile, NTPC registered a 6.42% increase in profit after tax (PAT) to Rs 8,728 crore in the financial year 2009-10. The company also announced a final dividend of Rs 0.80 a share, taking total dividend for the fiscal to Rs 3.80 a share.The company's net sales rose 10.49% to Rs 46,323 crore, according to an audited financial results announced by the country's largest power generator on Monday.During the period under review, NTPC reported 8.84% growth in its total income. The company's total income rose to Rs 49,247 crore in the fiscal 2009-10 from Rs 45,246 crore in 2008-09.NTPC has installed power generation capacity of just over 31,000 mw that it has envisaged to take to 75 mw by 2017. The company is scouting overseas acquisition of coal assets to meet domestic fuel shortfall for its power projects. It has identified coal blocks for acquisition in countries like Indonesia, South Africa and Australia. NTPC has recently signed an agreement with Coal India Ltd (CIL) to float a joint venture (JV) agreement for undertaking coal import under long-term contract.Even as NTPC is planning to acquire coal assets abroad to meet coal shortfall for its power plants, it is also undertaking captive mining to improve coal availability for its power plants from domestic sources. It has been allocated five blocks including Pakri-Barwadih for captive mining. The company has also entered oil and gas exploration business to ensure fuel security for its power projects. It has acquired participating interests in five acreages awarded under new exploration licensing policy (Nelp).Meanwhile, it is diversifying into new energy sources like hydro, renewable and nuclear to reduce its dependence on fossil fuels for electricity generation.

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