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Our Bureau

New Delhi, Oct. 27 National Thermal Power Corporation Ltd (NTPC) posted a 30.64 per cent rise in net profit for the second quarter of the current fiscal at Rs 1,925.49 crore against Rs 1,473.93 crore in the corresponding period last year.

Total income stood at Rs 8,749.2 crore, up 4.35 per cent over Rs 8,384 crore for the same period last year.

While net sales stood at Rs 8,016.90 crore, income from other sources was reported at Rs 732.30 crore.

A re-computation of tariffs for NTPC’s plants, as ordered by the Appellate Tribunal for Electricity, is one of the reasons for the jump in profits. NTPC had earlier filed appeals with the Tribunal against the final tariff orders issued by Central Electricity Regulatory Commission (CERC).

While the Tribunal had disposed of the appeals in respect of most of the stations and granted relief to the company with a direction to CERC for re-computation of tariff, the company provisionally accounted sales of Rs 5,891.70 crore for the quarter and Rs 12,777 crore for the half-year ended September 30, 2007 in respect of all such stations, pending re-computation of tariff by the CERC.

Net sales for the half-year ended September 30, 2007, rose 11.54 per cent to Rs 16,975.67 crore from Rs 15,218.87 crore in the corresponding period last year. Net profit increased 41.92 per cent at Rs 4,295.42 crore against Rs 3,026.71 crore in the corresponding period last year.

PLF of coal-based stations was higher in the first six months of the year at 88.63 per cent against 85.12 per cent for the corresponding period last year.

NTPC has total installed capacity of 27,904 MW, which accounts for 20 per cent of the country’s total installed capacity and around 29 per cent of country’s electricity generation. The company has planned to become a 75,000-MW plus company by 2017.

Shares of the company closed at Rs 228.75, up 2.51 per cent on the BSE on Friday.

More Stories on : Financial Performance | Power

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