NTPC net rises by 5.6 per cent, interest income down | business | Hindustan Times
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NTPC net rises by 5.6 per cent, interest income down

business Updated: Apr 23, 2010 23:00 IST
HT Correspondent
HT Correspondent
Hindustan Times
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The country’s largest power producer NTPC Ltd has reported a 5.6 per cent growth in net profit at Rs 8,657 crore for the fiscal ending March 31, 2010. The company’s profit in the previous fiscal year was Rs 8,201 crore.

NTPC’s Chairman and Managing Director R.S. Sharma cited lower interest income and income-tax refunds in 2009-10 for the marginal growth of 5.6 per cent in net profit.

The company’s provisional net sales recorded a 11.3 per cent growth at Rs 46,505 crore in 2009-10 as against Rs 41,791 crore in the previous fiscal.

NTPC’s unaudited gross revenue grew 9.3 per cent at Rs 49,479 crore in 2009-10 compared to Rs 45,272 crore

The company, which added 1,560 MW of power generation capacity during 2009-10, plans to add 4,150 MW in 2010-11. Its total new capacity under construction stood at 17,830 MW and the company approved a capital expenditure of Rs 22,350 crore for 2010-11, Sharma said while announcing the results in the Capital on Friday.

The company plans to set up two coal-fired power stations in Kazakhstan, the NTPC chairman said.

The company may also go in for overseas funding and raise $500 million through external commercial borrowings this fiscal year if it gets favourable rates, said A.K. Singhal, director (finance), said.