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On Monday, NTPC, the largest electricity producer of India announced that it is planning to purchase stakes in two Indonesian coal mines in the current financial year, so as to increase the supply of coal to its plants.
R. S. Sharma, Chairman and Managing Director of NTPC stated that the two Indonesian coal mines are located in East Kalimanthan and Sumatra, which the Company wants to have stakes in; with that its coal supplies will reach to
NTPC net profit declined 16.03% to Rs 1841.89 crore in Qtr ending June 2010 for the financial year 2009-2010 compared to Rs 2193.62 crore in qtr ending June 2009. Sales rose 7.85% to Rs 12944.49 crore in Qtr ending June 2010 for the financial year 2009-2010 compared to Rs 12002.68 crore in qtr ending June [...]
NTPC Results – Announces Qtr Ending June 2010 results is a post from: First Blog for Indian Financial Market
State-run power utility NTPC on Monday announced to witness a nearly 5 per cent fall in fourth quarter net profit touching Rs 2,017.65 crore compared to Rs 2,113.35 crore in the same period a year ago.
However, net sales marked a rise Rs 12,353.39 crore during January-March quarter of FY’10 compared to Rs 11,445.78 crore in the same period a year earlier, NTPC posted in a filing to the National Stock Exchange.
The Company recorded a net profit after tax of Rs 87282.00 million for the year ended March 31, 2010 from Rs 82013.00 million for the year ended March 31, 2009.
On Friday, NTPC Ltd. said that its interim results revealed a 6% rise in net profit for the last financial year, as its power tariff increased and the state-operated organization augmented production to meet rising energy demand in the second-fastest-growing market.
The company that possesses around one-fifth of India’s installed power capacity said that its net profit for the economic year that ended March 31 swelled temporarily to Rs. 86.57 billion ($2 billion) from Rs. 82.01 billion last year.
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