The Business Bytes
TBB BUREAU
NEW DELHI, JULY 31, 2021
State-owned power giant NTPC Ltd. on Saturday posted a nearly 17 per cent rise in consolidated net profit to Rs 3,443.72 crore for the first quarter (Q1) of the current financial year (FY2021-22) on the back of higher revenues.
The consolidated net profit of the company in the corresponding quarter in the previous fiscal was Rs 2,948.94 crore.
Total income in the quarter under review rose to Rs 30,390.60 crore from Rs 26,794.68 crore in Q1FY21.
NTPC’s gross power generation in Q1FY22 was 71.74 billion units compared to 60.18 billion units (BU) in the year-ago period.
Plant load factor (PLF) or capacity utilisation of coal-based power plants also rose to 69.68 per cent in the June quarter, up from 68.22 per cent in the same period a year ago.
Average power tariff of the company was Rs 3.73 per unit in April-June 2021 compared to Rs 3.98 per unit in the corresponding period a year ago.
The NTPC board of directors has approved a proposal to raise up to Rs 18,000 crore through the issue of secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (“Bonds/NCDs”) in one or more tranches/series not exceeding 30, through private placement in domestic market.
