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NTPC gains on achieving 100% PLF at three power stations

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NTPC rose 2.07% to Rs 88.85 after the company said that its three thermal power plants have achieved 100% plant load factor or capacity utilisation.

NTPC has achieved 100% plant load factor (PLF) on 9 May 2020, at three of its thermal power stations. NTPC Vindhyachal (4,760 MW) in Madhya Pradesh, NTPC Talcher Kaniha (3,000 MW) in Odisha and NTPC Sipat (2,980 MW) in Chhattisgarh achieved 100% PLF.

At the same time, it said that the NTPC Koldam in Himachal Pradesh is emerging as one of the best hydropower stations in the country for FY20-21.

With NTPC Group's total installed 62110 MW capacity, NTPC has 70 power stations comprising of 24 coal, 7 combined cycle gas/liquid fuel, 1 Hydro, 13 renewables along with 25 JV power stations.

Shares of NTPC ended two-day losing streak. The stock declined 8.13% in the past two trading sessions from its previous closing high of Rs 94.75 posted on 6 May 2020.

NTPC's consolidated net profit rose 22.37% to Rs 3,179.06 crore on a 0.31% fall in net sales to Rs 25,412.39 crore in Q3 December 2019 over Q3 December 2018.

NTPC is a maharatna company operating in the power generation business. The principal business activity of the firm is electric power generation through coal based thermal power plants. It also engages in the business of generation of electricity from hydro and renewable energy sources.

As of 31 December 2019, the Government of India held 54.14% in the PSU company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, May 11 2020. 11:31 IST
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