Riding on the back of the 2500 MW capacity addition during the last fiscal, NTPC on Monday registered around 13 per cent rise in its net profit at Rs.2,075.78 crore for the quarter ended June 2011.
“We managed to add a capacity of 2,500 MW in the last financial year. Earlier, we used to do average 1,000 MW,” Chairman and Managing Director Arup Roy Choudhury told reporters here. The company had posted a profit of Rs.1,841.89 crore for the April-June period a year ago. More power generation capacity means selling more electricity through long-term power purchase agreements as well as merchant power.
NTPC's sales shot up to Rs.14,524.23 crore in the first quarter of the current fiscal from Rs.13,006.26 crore in the year-ago period, a statement issued by the company said. It has an installed capacity for generation of 34,854 MW. “This financial year we will be adding 4,500 MW,” Mr. Chowdhury said.
NTPC recently mopped up $500 million through an international bond issue. The company has also signed a Rs.10,000-crore loan agreement with State Bank of India.
On being asked about de-allocation of the company's coal blocks by the Coal Ministry, Mr. Chowdhury said: “We are positive that we will get the coal blocks back”.
NTPC's upcoming projects include the 1,320-MW Solapur plant and the 4,000-MW mega-thermal power plant in Kudgi, Karnataka.
