NTPC net up 4% in Q1 on higher power generation

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New Delhi | Published: August 23, 2016 6:26:21 AM

State-owned power producer NTPC on Monday reported a 4% year-on-year increase in its standalone net profit at R2,369.53 crore during the April-June quarter on account of higher power production and better utilisation of coal-based power plants. Gross sales during the period was up 11.34% at R18,940 crore.

State-owned power producer NTPC on Monday reported a 4% year-on-year increase in its standalone net profit at R2,369.53 crore during the April-June quarter on account of higher power production and better utilisation of coal-based power plants. Gross sales during the period was up 11.34% at R18,940 crore.

NTPC, which accounts for over one-fifth of country’s installed thermal capacity, recorded a 10% growth in power generation. For the first quarter ended June 30, the company generated 64.5 billion units of energy. This was helped by higher installed capacity and better utilisation in the first quarter of the current fiscal. NTPC’s installed capacity rose by nearly 5% to 47,178 megawatt in the first quarter while the plant load factor (PLF), a measure of utilisation, for its coal-based units increased to 81% from 78% in the corresponding quarter a year ago.

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