The country’s largest power producer NTPC has generated 7.83 per cent more electricity at 58,878 million units in the first quarter of the current fiscal against 54,604 million units in the corresponding quarter last year.
“With improvement in coal procurement, the materialisation against the annual contracted quantity of domestic coal was 98.3 per cent in the first quarter against 93.2 per cent in the same period of the previous year. The plant load factor of the coal-based plants was maintained at 86.45 per cent and plant availability factor at 88.40 per cent,” the company said in statement.
The public sector company said that the NTPC group has added 1,660 megawatts to its commercial capacity in the first quarter.
CAPEX SPEND
NTPC has spent Rs 3,978 crore towards capital expenditure against the target of Rs 3,967 crore during April-June. “The capex spend in this quarter is 83 per cent higher in comparison to the corresponding period of the previous year. NTPC group incurred capex of Rs 4,721 crore during the first three months of the current fiscal,” it added.
NTPC has reported a 20 per cent increase in net profit during April-June. The company recorded a profit after tax of Rs 2,499 crore in the first quarter of the current fiscal against Rs 2,076 crore in the same previous period, it said in a release to the BSE.
At the same time, NTPC sales increased by 13 per cent to Rs 15,960 crore against Rs 14,171 crore in the corresponding period last year.
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