Power major
NTPC on Tuesday reported 37.80 per cent rise in net profit at Rs 2,781 crore for the fourth quarter ended March 31, 2011.
The company had achieved a net profit of Rs 2,017 crore in the January-March period in 2009-10, NTPC said in a filing with the Bombay Stock Exchange.
The net sales of the public sector firm for the last quarter of the 2010-11 went up by 25.6 per cent to Rs 15,518 crore from Rs 12,353 crore for the corresponding period in the previous fiscal, the filing said.
Meanwhile, NTPC is planning to set up 15 new thermal power projects with a total capacity of about 30,000 MW in the next 5-7 years over and above the plants the company is currently executing.
The company, which has a total coal requirement of about 162 million tonnes during the fiscal, has set a goal of importing 14 million tonnes.
It has already signed an agreement with state-run State Trading Corp for 12 million tonnes.
NTPC is also looking at executing projects abroad and has so far selected the neighbouring countries of Bangladesh, Sri Lanka and Bhutan.
Despite the nuclear crisis in Japan, the company is bullish on its nuclear venture and is banking on the expertise of Nuclear Power Corporation of India (NPCIL).
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