NTPC’s Q1 profit rises 27 per centhttps://indianexpress.com/article/news-archive/web/ntpcs-q1-profit-rises-27-per-cent/

NTPC’s Q1 profit rises 27 per cent

NTPC Limited announced a 27 per cent growth in profit during the year’s first quarter,ending June 2009. The increase totalled Rs 2,193.62 crore in profit...

NTPC Limited announced a 27 per cent growth in profit during the year’s first quarter,ending June 2009. The increase totalled Rs 2,193.62 crore in profit,compared to Rs 1,726.53 crore in the corresponding quarter last year. The state-owned power producer beat benchmarks across the board by generating a net 11 per cent increase in electricity and a 25.82 net sales bump. The power capacity increase of 495 mega watts is the largest increase in five quarters,said RS Sharma,NTPC’s chairman and managing director.

Net sales jumped by Rs 12,002 crore from about Rs 9,500 crore in the first quarter of 2008. “Certainly our generation growth,which is around 11 per cent,and the capacity addition of commercial capacity where we added 2,000 MW,those were mainly responsible for our higher sale of electricity,” Sharma said during a press briefing today. He pointed to gas and coal generation increases of 4.67 per cent and .68 per cent respectively for leading the company’s growth. As much as 6.68 per cent of the NTPC’s sales came from new capacity while 4.3 per cent was generated by existing production.