The state-owned power company National Thermal Power Corporation Ltd. (NTPC) recently declared its annual financial results, registering a growth of 10.21 percent Profit After Tax (PAT) for the year 2017-18.
NTPC’s generation has increased from 250.31 Billion Units (BUs) in FY 2016-17 to 265.80 BUs in FY 2017-18, a rise of 6.19 percent.
The PAT for NTPC has jumped to ₹103.431 billion (~$1.53 billion) in FY 2017-18 as compared to ₹93.852 billion (~$1.39 billion) recorded in the preceding year.
The company’s total income for FY 2017-18 is reported to be ₹852. 0795 billion (~$12.59 billion). This is an increase of 7.39 percent over the previous year when its total income stood at ₹793.423 billion (~$11.72 billion).
For FY 2017-18, NTPC’s gross generation stood at 294.27 BUs as against 276.77 BUs during FY 2016-17. Similarly, on a consolidated basis, its total income for the financial year 2017-18 is reported to be ₹896.415 billion (~$13.24 billion) as compared to ₹830.093 billion (~$12.26 billion) during the previous year.
The company has also declared the financial results for the fourth quarter of the year 2017-18 that witnessed the highest quarterly generation of 68.56 BUs. This is an increase of 7.51 percent when compared to the 63.77 BUs generated by the company in Q4 FY 2016-17. Before this, the highest quarterly generation was achieved during Q3 FY 2017-18 with 67.78 BUs.
The company’s total income for Q4 FY 2017-18 is up by 13.08 percent as it received ₹236.178 billion (~$3.49 billion) as compared to ₹208.86 billion (~$3.08 billion) in Q4 FY 2016-17.
The Profit after Tax at NTPC Ltd. has jumped to ₹29.255 billion (~$0.43 billion) in Q4 FY 2017-18 as compared to ₹20.794 billion (~$0.31 billion) in the corresponding quarter a year ago, marking a significant growth of approximately 41 percent.
According to Mercom’s India Solar Project Tracker, NTPC has approximately 870 MW of solar projects in operation and another 750 MW of projects in the pre-construction stage. These projects in the pre-construction stage will be developed at Ananthapuramu Ultra Mega Solar Park in Nambulapulakunta mandal located in the Ananthapur district of Andhra Pradesh. NTPC had tendered the 750 MW capacity in March 2018.
Previously, Mercom reported that NTPC has entered into competitive wind auctions and has issued a mega tender for the development of 2 GW of interstate transmission system (ISTS)-connected wind power projects across India.
Image credit: By Adityamadhav83 [CC BY-SA 4.0], from Wikimedia Commons
Nitin is a staff reporter at Mercomindia.com and writes on renewable energy and related sectors. Prior to Mercom, Nitin has worked for CNN IBN, India News, Agricultural Spectrum and Bureaucracy Today. He received his bachelor’s degree in Journalism & Communication from Manipal Institute of Communication at Manipal University and Master’s degree in International Relations from Jindal School of International Affairs. More articles from Nitin Kabeer