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NTPC net rises marginally

New Delhi, Oct. 23

Power major NTPC Ltd posted a marginal 1.96 per cent rise in net profit at Rs 2,152 crore for the quarter ended September 30, 2009. The company had a net profit of Rs 2,111 crore during the September quarter of 2008-09, which also included an income-tax refund of Rs 31.91 crore. “The (previous year’s) income-tax refund has largely impacted the profit of this quarter,” the Chairman and Managing Director of NTPC, Mr R.S. Sharma, told reporters here. The com pany’s net sales rose 11.6 per cent during the period, from Rs 11,252.61 crore to Rs 10,091.10 crore. The company has total installed capacity of 30,644 MW through 26 power stations including joint ventures. NTPC aims to achieve 50,000 MW by 2012 and 75,000 MW by 2017. It currently has 17,930 MW under construction. NTPC’s shares closed the day marginally up (0.8 per cent) at Rs 214.65 on the BSE. The 52-week high for the stock was Rs 233 and the corresponding low was Rs 113. –

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