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NTPC Ltd.

BSE: 532555 Sector: Infrastructure
NSE: NTPC ISIN Code: INE733E01010
BSE LIVE 19:41 | 19 Oct 175.15 -2.85
(-1.60%)
OPEN

178.10

HIGH

178.85

LOW

174.15

NSE 19:48 | 19 Oct 175.05 -3.00
(-1.68%)
OPEN

178.40

HIGH

178.50

LOW

174.20

OPEN 178.10
PREVIOUS CLOSE 178.00
VOLUME 45788
52-Week high 179.75
52-Week low 146.00
P/E 14.16
Mkt Cap.(Rs cr) 144,419
Buy Price 175.15
Buy Qty 293.00
Sell Price 0.00
Sell Qty 0.00
OPEN 178.10
CLOSE 178.00
VOLUME 45788
52-Week high 179.75
52-Week low 146.00
P/E 14.16
Mkt Cap.(Rs cr) 144,419
Buy Price 175.15
Buy Qty 293.00
Sell Price 0.00
Sell Qty 0.00

NTPC Ltd. (NTPC) - Chairman Speech

Company chairman speech

Dear Shareowners

You will be delighted to note that FY 16-17 turned out to be a pivotal year for yourCompany NTPC as it crossed the 50000MW+ mark in Installed Capacity. With its strongoverall performance your Company is expected to retain the “Excellent” ratingfor the MoU signed with Government of India.

Your Company commissioned 3845 MW and added 2190 MW to its commercial capacity duringFY16-17. The installed capacity of NTPC Group is 51671 MW as on 31.07.2017.

Your Company has over 20000 MW capacities under construction and is committed todeliver these projects in time. Your Company is growing at a brisk pace indicated by theall-time high capex of Rs 28252 crore (standalone basis).

The coal based stations of your Company achieved a plant load factor (PLF) of 78.59%against the all-India thermal PLF of 59.88%. Three stations - Talcher Thermal Sipat andKorba were ranked as the Top 3 stations in the country and 6 stations clocked a PLF ofover 85% during this period. Very significantly your Company added Wind to its powergeneration portfolio and has commissioned 18 MW as on 31.07.2017. FY16-17 saw the flag offof your Company's first coal rake from its mining operations at Pakri Barwadih. This coalis being used at Barh Thermal Station of NTPC in Bihar. This is an important step in thedirection of secured fuel supplies for your Company. The medium term target for miningwill be able to cater to more than 10% of its present coal requirements. Your Companyrealized huge cost efficiencies during the year by swapping and rationalization of coalappointing agency for third party coal sampling and reducing imported coal consumption by85% of previous year. By these measures your Company was able to reduce per unit cost bynearly 40 paise in FY16-17 as compared to FY14-15. This transalates into savings of morethan Rs 8000 crore to the state over to years. Government of India has recently approved“SHAKTI” policy which will further increase transparency in coal allocation andimprove cost efficiencies.

Your Company was the first Company to offer Green Masala Bonds raising Rs 2000 crorethrough Rupee-denominated bonds from international markets. The cost of debt has also beensubstantially brought down this year primarily by domestic loan restructuring. Robustcash flows will be assured by extending TPAs with 27 States & UTs. FY16-17 saw 100%realization of current bills for the fourteenth year in a row. Power generation of yourCompany (Group) increased by 5.07% contributing around 24% to the country's generation.Although profit before tax of NTPC increased by as high as 16.91% Profit After Tax lookssubdued primarily due to substantial offset of income tax by way of refunds received inprevious fiscal and impairment loss on investment in RGPPL. Your Company's management hasalways believed in maximizing shareholders' wealth. The Company has already paid aninterim dividend of Rs 2.61 per share and has recommended a final dividend of Rs 2.17 pershare for FY16-17 subject to your approval. This is a whopping 143% of that paid out lastyear. The holding of the Government in your Company stands at 69.74%.

Moving beyond its conventional power generation business your Company is now lookingat diversification in allied sectors such as setting up electric vehicle charginginfrastructure ancillary services and energy storage. Your Company is investingsubstantially in order to comply with the environmental norms and is geared to becomefully compliant with new environmental norms. This means we will be able to provide notonly affordable and reliable power but cleaner power too. Apart from this NTPC is takingseveral initiatives to contain pollution in various forms. Two such projects your Companyis experimenting with are Waste-to-Energy and Biomass Co-firing. Your Company is alsoproud to share that it planted one crore trees in a short duration of 3 months duringFY16-17 for carbon sequestration.

Your Company is placing enormous focus on water a life-giving but stressed resource.Apart from launching an internal Water Policy to become a conscious steward your companyhas adopted technologies like Air-Cooled-Condenser instead of Water-Cooled-Condenser intwo of its upcoming projects making all its projects Zero Liquid Discharge and is tyingup with Municipal Corporations to use treated sewage water.

Your Company commissioned a solid waste management plant at Karsara in Varanasi.Varanasi now ranks 32nd in Swachh Survekshan Survey by Gol - a jump of 33positions over previous year. Other initiatives include opening of generic medicine storesat 12 locations to make affordable medicines available to all and promoting cashlesseconomy by making townships digital-payment enabled.

I assure you that Team NTPC shall continue to put its best efforts in sustaining theleadership position of your Company and thereby ensure sustained returns to itsstakeholders.

With best wishes Yours sincerely

(Gurdeep Singh) Chairman & Managing Director