Nuclear Power Corp net zooms 200% in FY11

Nuclear Power Corporation of India (NPCIL) today said its net profit jumped up 200% to Rs 1,248 crore in 2010-11, primarily on the back of easing of uranium supply from both imported and domestic sources to the nuclear plants.

The company had reported a net profit of Rs 416.41 crore in last year, NPCIL Director (Finance) Jagdeep Ghai told reporters here.

Its net sales from operations jumped 56.77% at Rs 5,966 crore in FY11 as against Rs 3,806 crore in the year-ago period, he said.

The total revenue (including other income) vaulted 52% at Rs 6820-crore as against Rs 4479-crore, Ghai said.

During the year ending March 31, the company has achieved its highest ever generation of 26,472 million units of electrical energy, which was about 40% higher than the previous year, Ghai said.

"There is not much constraint about fuel availability (uranium), which had resulted in lower utilisation during the last several years, thereby resulting in sharp rise in generation," he said.

"Further, during the year, the commercialisation of the 220 Mw capacity Unit 4 at Kaiga in Karnataka and completion of Enmass coolant channel activities at Narora Atomic power station also contributed to the increased production," he said.

The capacity factor also increased to 71% for the year, as compared to 61% for the previous financial year, he added.