NTPC records 12 percent rise in profit after tax, to raise Rs 15,000 crore

State-owned power sector major NTPC on Saturday announced that it has recorded a 12 per cent increase in standalone profit after tax (PAT) at Rs 2,618 crore for the quarter ended June 30, 2017.
NTPC-Kaniha power plant.
NTPC-Kaniha power plant.

NEW DELHI: State-owned power sector major NTPC on Saturday announced that it has recorded a 12 per cent increase in standalone profit after tax (PAT) at Rs 2,618 crore for the quarter ended June 30, 2017. According to company officials, a major driver for the increase was an increase in total revenue.

The company’s standalone PAT for the same period of last year stood at Rs 2,338.6 crore. NTPC’s total revenue increased to Rs 20,541.9 crore, over Rs 19,220.8 crore in the corresponding quarter of the previous fiscal. However, the company’s standalone total expenses increased to Rs 17,304.8 crore, over Rs 16,187 crore in the year-ago period. The company has also witnessed an increase in the plant load factor.

“On standalone basis, NTPC Ltd generated 64.411 billion units. For the Q1 FY 2017-18, NTPC coal stations achieved PLF of 79.05 per cent as against National PLF of 62.49 per cent,” NTPC said.

The company’s board has approved raising up to Rs 15,000 crore through non-convertible debentures. “The board...approved the issue of secured/unsecured, redeemable, taxable/tax-free, cumulative/ non-cumulative, non-convertible debentures (bonds/NCDs) up to Rs 15,000 crore...” said the company.

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