Millennium Post

NTPC records highest ever growth of 13%

NTPC records highest ever growth of 13%
National Thermal Power Corporation declared at its annual press conference that it has recorded the highest ever growth in its history in 2011-12. The company’s robust growth has translated into sound financials and its prudent management has ensured that the fundamentals of the company remain strong and are leveraged for further growth and higher returns. Today, NTPC is the Numero Uno Independent Power Producer in the world in 2011 by Platts, a part of the prestigious McGraw Hill Group, in its top 250 Global Energy Companies ranking.  

Highlighting the strong operational performance and the challenges faced Arup Roy Choudhary, CMD, NTPC said that NTPC is presently operating one of the largest fleets in the world consisting of 120 units [only NTPC units] on commercial operation, with high levels of capacity utilization and reliability.

Talking about NTPC’s robust growth and operational excellence Choudhary highlighted the sound financials in NTPC informing that the total revenue crossed Rs 60,000 crore reaching Rs 64,830.65 crore, an increase of about 13 per cent over 2010-11. Further the net profit increased and stood at Rs 9,223.73 crore.

NTPC also paid the highest ever dividend of 40 per cent and was ranked fifth among all the listed companies in terms of PAT for 2011-12. Resounding success in raising USD 500 million, from the international bond market which was oversubscribed more than five times with participation of over 200 investors thereby indicating confidence among the international investors.

Taking the baton further, Choudhary announced how they are translating the growth momentum further into FY 2012-13. The generation growth has been 7.80 per cent as against all India growth of 6.40 per cent. Total revenue increased by 11 per cent to Rs 16,845 crore. Profit after tax increased by 20 per cent to Rs 2,499 crore and Capex increased by 83 per cent to Rs 3,978 crore. During the year 2012-13, NTPC Group has declared 2,320 MW capacities on commercial operation, so far.

In order to expand the geographies of its operations, NTPC has formed a joint venture Company Trincomalee Power Company Limited with Ceylon Electricity Board for setting-up a 2x250 MW coal based power project in Sri Lanka.  A JV Agreement has been signed between NTPC and Bangladesh Power Development Board for setting up a 2X660 MW power plant at Khulna, Bangladesh and the process of incorporation of the JV Company is under way. Wholly owned subsidiary of NTPC ,‘NVVN’ has been designated as the nodal agency for ‘cross-border-power-trading’.
Nikki Utpaul

Nikki Utpaul

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