NTPC net profit goes down marginally 1.73 pc
New Delhi, Apr 20: The country's largest power generator National Thermal Power Coporation (NTPC), today reported a 1.73 per cent marginal decline in net profit for 2005-06 at Rs 57,06,1 crore compared to Rs 5807 crore in the last fiscal.
Chairman and Managing Director T (CMD). Sankaralingam, addressing his maiden press conference after taking charge earlier this month said the marginal decline in net profits is mainly due to the company's diversification into coal and nuclear energy.
The net sales increased 15.36 per cent to Rs 25,992.8 crore in 2005-06 as against Rs 22,531.6 crore, he added.
Releasing their provisional results, NTPC said it has planned a capital expenditure programme of Rs 11,325 crore from 2006-07 as against Rs 7,187.9 crore in 2005-06. The company has paid an interim dividend of 20 per cent for the year 2005-06 amounting to Rs 1,649 crore.
NTPC posted provisional and unaudited net sales of Rs 25992.8 crore in 2005-06 as against Rs 22531.6 crores in the previous year.
The provisional and unaudited gross revenue during the year under reveiw was Rs 5706.1 crores as compared to Rs 5807 crores during the year 2004-05.
Mr Sankaralingam said the total capacity added during the four year of the tenth plan period (2002-06) increased to 4000 MW with another 500 MW getting added during the year 2005-06 taking the total capacity of the company to 24, 249 MW including capacities of joint venture companies.
He said the construction work on 9470 MW is in progress and further capacity of 3720 MW is under the biddding process.
The capital outlay for the company for 2006-07 is pegged at Rs 11325 crores, the CMD said.
The stations of the company recorded a total generation of 170.88 billion units (BUs), showing an increase of 7.40 per cent over the previous year's generation of 159,11 BU.
With a share of 19.51 per cent in the total installed capacity of the country, NTPC generated 27.68 per cent in electricity during 2005-06.
NTPC stations recorded an all time high of Plant Load Factor of 87.54 per cent which is highest for any finnacial year since its inception.
During February, 2006, NTPC established a Medurim Term Note (MTN) programme for one billion dollar to tap debt funds from international market to finance its capital expenditure requirement.
The first tranche off the MTNs helf was made by issuing its 10 year Fixed Rates Notres amounting to 300 million dollar, the first issue out of India for a 10 year bond deal after 1997.
''The issue evoked an overwhelming response from the investors to over subscription of the order book by over five times, attracting more than 100 investors'', Mr Sankaralingam added.