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  • NTPC Posts Flat Growth in Net Profit For FY

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    NTPC, India's largest power producer, reported flat growth in net profit for fiscal year 2011 at Rs 8,886 crore due to state electricity boards purchasing less power from the national grid. While NTPC made power plants available, lower demand led to decreased generation and revenues. NTPC plans to set up 15 new thermal power projects with a total capacity of 30,000 MW over the next 5-7 years in addition to current projects. The company generated 220.54 billion units of electricity in fiscal year 2011.

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    NTPC, India's largest power producer, reported flat growth in net profit for fiscal year 2011 at Rs 8,886 crore due to state electricity boards purchasing less power from the national grid. While NTPC made power plants available, lower demand led to decreased generation and revenues. NTPC plans to set up 15 new thermal power projects with a total capacity of 30,000 MW over the next 5-7 years in addition to current projects. The company generated 220.54 billion units of electricity in fiscal year 2011.

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    5 views1 page

    NTPC Posts Flat Growth in Net Profit For FY

    Uploaded by

    Akula Sravanthi
    NTPC, India's largest power producer, reported flat growth in net profit for fiscal year 2011 at Rs 8,886 crore due to state electricity boards purchasing less power from the national grid. While NTPC made power plants available, lower demand led to decreased generation and revenues. NTPC plans to set up 15 new thermal power projects with a total capacity of 30,000 MW over the next 5-7 years in addition to current projects. The company generated 220.54 billion units of electricity in fiscal year 2011.

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    NTPC posts flat growth in net profit for FY'11 PTI Apr 6, 2011, 04.

    16pm IST Tags:

    NTPC net profit|

    NEW DELHI: The country's largest power producer NTPC today reported flat growth in net profit to Rs 8,886 crore for the year ended March, 2011, on the back of state electricity boards buying less power from the grid. "We made the power plants available, but the state electricity boards did not draw power from those projects. This led to less generation of power and therefore less revenues," NTPC CMD Arup Roy Choudhury told reporters while addressing the company's annual press conference. Steam Power PlantsBuy Or Sell Steam Power Plants. Save Time And Money Through IPPE! IPPE.com Power Generation PlantSearch Thousands of Catalogs for Power Generation Plant www.globalspec.com

    NTPC had registered a Rs 8,728 crore profit during the year 2009-10. Its net sales increased to Rs 53,721 crore during 2010-11 from Rs 46,169 crore in 2009-10, an increase of 16.36 per cent. The company's net sales rose to Rs 14,488 crore in the fourth quarter of 2010-11 from Rs 12,305 crore in the year-ago period, translating into a growth of 17.74 per cent. Meanwhile, NTPC plans to set up 15 new thermal power projects in the next 5-7 years, over and above the plants the company is currently executing, with a total capacity of about 30,000 MW. "We have plans to set up 15 greenfield projects... mostly coal-based in the next 5-7 years," Choudhury said, adding that company is currently working on a basket of projects of more than 45,000 MW combined capacity. NTPC generated 220.54 billion units of electricity as against 218.84 billion units in 2009-10. The company, which has a total coal requirement of about 162 million tonnes during the fiscal, has set a goal of importing 14 million tonnes. It has already signed an agreement with state-run State Trading Corp for 12 million tonnes and it will import the remaining itself. NTPC is also looking at executing projects abroad and has so far selected the neighbouring countries of Bangladesh, Sri Lanka and Bhutan.

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