NTPC posts 5% rise in net in Q3

Country’s biggest power generator NTPC Ltd posted a five per cent rise in net

RELATED ARTICLES

profit for the third quarter even as its total income fell 1.36 per cent.

The company’s revenue decreased to Rs 11,962.8 crore in the quarter under review from Rs 12,128.3 crore in the year-ago quarter, it said in a regulatory statement.

NTPC chairman and managing director RS Sharma said the drop in income was due to higher fuel. “During last year we sourced LNG and gas from spot market. The average price of LNG last year was at around $22 per mmbtu while this year they have come down to $8 mmbtu. Revenue is a multiple of fuel cost.”

The company also said that one of its coal based unit located in Uttar Pradesh, which is planned to provide power to Commonwealth Games, has reached full load to produce 490 Mw of power.

With the commissioning of this unit, the total installed capacity of the company has become 31,134 Mw.

Shares of the company closed at Rs 214.25, down 1.45 per cent, on Friday on Bombay Stock Exchange.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • Scrip’s liquidity, market performance should decide divestment strategy

    It appears that after realising that its disinvestment strategy through follow-on public offers (FPO) has failed in the past three issues, the governm

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

John Mellows

partner and senior advisor to the executive board, Mazars Asia-Pacific

Pravin Kumar Tayal

Former promoter

Girish Paranjpe

joint CEO, Wipro

COLUMNIST

Roopen Roy

Lehman: paying for ‘repocrisy’

On September 15, 2008, Lehman Brothers filed for Chapter 11 ...

Parvez Imam

Life’s lessons: Up, close and personal

Life teaches us lessons every now and then. Som­etimes sweetly, ...

Brandon De Souza

India: A vital cog in Asean golf wheel

Talking about the growth of golf in the Asian region, ...