NTPC net rises marginally to Rs 2,371 crore

India’s largest power producer NTPC on Monday posted a meagre rise of 0.3% rise in net profit at Rs 2,371 crore for the quarter ended December.

India’s largest power producer NTPC on Monday posted a meagre rise of 0.3% rise in net profit at Rs 2,371 crore for the quarter ended December.

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The company had posted a net profit of Rs 2,365 crore during the year-ago period.

However, the power producer reported a 20% jump in net sales at Rs 13,421 crore against Rs 11,183 crore in same period last year.

The board of directors have recommended an interim dividend of 30% on Rs 10 face value of the share i.e. Rs 3 per equity share. The dividend will be paid on February 14, 2011.