NTPC, the country’s largest electricity generator, has recorded a 3.85% increase in net profit at Rs 7,129.30 crore in the financial year ended March 31, 2008. Sales increased 13.53% to Rs 37,004.6 crore from Rs 32,592.2 crore in 2006-07.
"Higher efficiency and increased power generation resulted in higher sales and profits," A K Singhal, director (finance), NTPC, said, adding the profitability was not decreasing.
The company generated 20,086 crore units of electricity during 2007-08, which is 6.46% higher than its generation in the previous financial year.
The company’s coal-based power plants recorded a plant load factor of 92.24% when compared with 89.43% in the previous financial year. Its gas-based power plants, however, suffered as the company received 11. 7 million cubic metres per day (mcmd) of gas during the year when its requirement was 17.35 mcmd for its plants to operate at 90% plant load factor. "This affected the performance of our gas-based power stations," chairman and managing director T Sankaralingam said.
The company imported 2.5 million tonne coal in FY08, which is expected to double to around five million tonne in the current fiscal, Sankaralingam said.
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