NTPC Q2 Net at 2,151.95 cr
  • This Section
  • Latest
  • Web Wrap
Last Updated: Friday, October 23, 2009, 20:56
New Delhi: State-owned NTPC on Friday posted 1.96 per cent rise in its net profit to Rs 2,151.95 crore for the quarter ended September 30.

The company had a net profit of Rs 2,110.51 crore during the September quarter in the last financial year (2008-09), which also included income tax refund of Rs 31.91 crore.

With the company not getting any such tax refund in this quarter, growth in net profit on a year-on-year comparative basis is marginal.

"The (previous year's) income tax refund has largely impacted the profit (growth) of this quarter," Chairman and Managing Director NTPC R S Sharma told reporters here.

Net sales of the company rose 11.6 per cent to Rs 10,782.79 crore in the latest quarter of the current financial year from Rs 9,661.42 crore of the corresponding period a year earlier, he said.

The company has total installed capacity of 30,644 MW through 26 power stations including joint ventures.

NTPC aims to achieve 50,000 MW by 2012 and 75,000 MW by 2017. It currently has 17,930 MW under construction.

Bureau Report

First Published: Friday, October 23, 2009, 20:56

comments powered by Disqus