During the quarter, NTPCs profit after tax ( PAT) grew by just 1.13% compared with the same period of the previous year , as per the unaudited results announced by the company today. The thermal power major reported a PAT of R2,527 crore during the April-June quarter. Total income fell to R16,358 crore during the quarter from R16,847 crore in the same period last year, registering a 3% decline.
With installed capacity of 41,184 MW, NTPC is Indias largest power generator. The PSU had reported R12,619 crore in net profit for the year 2012-13, a 37% increase over the preceding year. During the same period, companys total income increased 6% to R68,775 crore. NTPC added 4,830 MW capacity during the previous financial year, taking its total capacity to 41,184 MW.
NTPC is in the process of developing six captive coal blocks with combined coal reserves of 3.8 billion tonnes, including Pakri Barwadih, Chatti Bariatu and Kerendari. The company has recently been allocated four more coal blocks with combined reserves of 1.5 billion tonnes. Availability of captive coal should help the power major to improve fuel security for its plants besides keeping electricity tariff from rising sharply.
Indias largest coal-based power producer is focusing its attention on cleaner power. As part of the strategy, it is aggressively investing in generation capacity based on hydro, nuclear and renewable sources. NTPC has an additional portfolio of 40,000 MW of power-purchase agreements (PPAs) signed for electricity supply under cost-plus tariff regime.