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| NTPC Q4 net profit up 58%, declares 8% dividend |
| BS Reporter / New Delhi May 23, 2009, 00:22 IST |
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NTPC Ltd, India’s largest power generator, has posted a 57.7 per cent rise in net profit for the quarter ended March 2009 at the back of increased power generation, owing to fresh capacity addition.
“Around 2,000 Mw of our power generation capacity went commercial in 2007-2008. Its generation benefits have come now,” said a senior official from the company.
The state-owned utility recorded a net profit of Rs 2,113.35 crore in the quarter compared with Rs 1,339.50 crore posted in the corresponding quarter last year.
Total income of the company has also increased 8.6 per cent at Rs 12,481.51 crore in the three months ended March 2009, compared with Rs 11,487.50 crore posted in the year ago quarter.
For the financial year ended March 2009, the company has posted a 8.3 per cent increase in net profit at Rs 8,092.46 crore compared with Rs 7,469.90 crore posted in the previous year (2007-2008).
The company also announced a final dividend of 8 per cent in addition to the interim dividend of 28 per cent of its paid-up equity share capital of Rs 8,245 crore announced earlier this year.
NTPC has a total power generation capacity of 29,144 Mw — about 20.3 percent of the country’s total installed capacity. The power generator is planning to increase its installed capacity to 50,000 Mw by the end of the current Plan period (2007-2012).
The company’s share price at the Bombay Stock Exchange closed up 1.9 per cent at Rs 216.35 compared with the previous day’s close.
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