NTPC revenues up by 15.38 per cent

New Delhi, Sep 19 (UNI) National Thermal Power Corporation (NTPC) today said it has posted a 15.38 per cent increase in revenues at Rs 2875.07 crore, while the net profit nearly remained the same.

The net profit after tax for the year was Rs 582.02 crore almost at the same level as the previous year's profit of Rs 580.70 crore.

However, on an adjusted basis the profit after tax was Rs 532.63 crore as compared to Rs 451.76 crore in the previous year thus growing by 17.90 per cent.

The commercial performance of the company continued to be good with realisation being cent per cent of the amounts billed for the third year in succession.

Speaking at the 30th Annual General meeting of the company here, NTPC, Chairman and Managing Director T Sankaralingam said the company is ranked 463rd in the 'Forbes List of World's 2000 Largest Companies' for the year 2005 and is the fifth largest company in India.

NTPC has planned to develop about 9,000 MW hydro capacity by the year 2017. Of special significance are the large hydro projects of 4,500 MW being pursued in the north eastern region. It is presently implementing 2211 MW of hydro capacity at five different locations.

From a long term perspective, nuclear power generation is a good option for the country and for the Company, Mr Sankaralingam said.

The company is in touch with the concerned agencies and the experts to go ahead with the initial steps for entry into the area of nuclear power generation.

In Q 1 FY 07, 45,061 million units of electricity was generated compared to 41,406 million units in the first-quarter of the previous year, registering a growth of 8.83 per cent.

Coal based stations operated at Plant Load Factor of 87.76 per cent as compared to 87.26 per cent during the same quarter in the previous year.

Gross revenues earned for the quarter was Rs 779.05 crore as compared to Rs 660.95 crore in the first-quarter of the previous year, registering a growth of 17.87 per cent.

Mr Sanakarlingam said the PAT for the quarter was Rs. 155.28 crore as compared to Rs 130.87 crore in the previous year thus growing by 18.65 per cent.

With the addition of the 500 MW Unit at Vindhyachal in August 2006, the new capacity added during the 10th plan has gone up to 4500 MW, he said.

''The country today has more than 125 Giga Watts of installed capacity. It is far from adequate to meet the growing demand for power.'' Mr Sankaralingam said.

''NTPC is on the cusp of a major corporate boost which will propel it into a new orbit in terms of size, diversity and performance benchmarks,'' he said.

Today it is a 26,194 MW company (including 1054 MW in joint ventures) - the largest power company in India, he said.

NTPC has decided to enhance 11th Plan capacity addition target from 17,333 MW to 21,941 MW which would make it a 51,000 plus MW company by the year 2012, doubling the existing power generation capacity between now and the year 2012.

''We plan to become a 75,000 plus MW company by the year 2017.

This is expected to increase the company's market share in the sector.'' Currently, 11,050 MW are under construction, 3120 MW under ordering, 3980 MW under tendering and for 1950 MW Natural Gas / LNG is being tied up. Capacity aggregating to 11,311 MW is under study or approval.

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