National Thermal Power Corporation (NTPC) today reported a 16 per cent decline in its net profit at Rs 1,841.89 crore for the first quarter ended June 30, 2010.

The company had a net profit of Rs 2,193.62 crore in the same period last fiscal, NTPC said in a filing to the Bombay Stock Exchange (BSE).

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Shares of the company closed at Rs 201.45, down 0.17 per cent from previous close on the BSE.

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