NTPC Ltd
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BSE Code:
532555
NSE Code:
NTPC
Business Profile
Business Profile
NTPC Limited is the largest thermal-power generating company of India. A public sector company, it was incorporated in the year 1975 to accelerate power development in the country. Since then, it has grown to become the largest power utility of the country. The installed capacity of NTPC as on March 31, 2005 is 23,749 MW through its 13 coal based (19,480 MW), 7 gas/liquid fuel based (3,955 MW) and 3 joint-venture (coal based) projects (314 MW). NTPC has generated 1,61,557 million units (MUs) of electricity in 2004-05 including 2,447 million units generated by JV companies.
NTPC has mostly built regional power stations supplying power to the various states in the region as per the power allocation formula approved by the Government of India. As at the end of March 2005, NTPC`s installed capacity was about 19.79% of the total installed capacity of the country and contributed to 27.09% of the total power generation of the country during 2004-05. NTPC has adopted multi-pronged growth strategy to become a 46,000 MW plus company by the year 2012 and 66,000 MW company by 2017. The strategy, inter-alia, includes capacity addition through green field projects, expansion of existing stations, joint ventures, takeover of SEB`s stations, significant addition of hydro-capacity, and forays into non-conventional and nuclear power generation.
NTPC has also entered into a MoU with Petronet LNG for arranging one MMTPA of LNG which can be used to overcome shortage of gas at the existing gas power stations of NTPC. In March 2006, the NTPC board accorded the investment approval for Korba Super Thermal Power project Stage III (1 X 500 MW) at current estimated cost of Rs. 24,484.91 million (Rs. 22,737.98 million + USD 39.26 million). Further, NTPC signed a MoU with The Energy and Resources Institute (TERI) for implementation of distributed generation projects in villages in India.
Financials
The company disclosed a good increase in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company rose 26.46% to Rs 22,509.10 million from Rs 17,799.00 million in the same quarter last year. Net sales for the quarter rose 20.86% to Rs 112,770.60 million, while total income for the quarter rose 14.36% to Rs 115,423.20 million, when compared with the prior year period. It posted earnings of Rs 2.73 a share during the quarter, registering 26.39% growth over previous year period.
Recent Developments
13-APR-09
The company has inked a pact with PowerGrid Corporation of India and Damodar Valley Corporation for incorporation of a joint venture company. The JV is for setting up an online high power indigenous test laboratory for short circuit testing facility in the country to ensure testing of the electrical equipments as per international standards.
01-APR-09
The company signed a memorandum of understanding (MoU) with secretary (power), Government of India (GoI) for generating 217 billion units of electricity during the financial year 2009-10.
16-FEB-09
The company entered into an memorandum of understanding (MoU) with Nuclear Power Corporation of India (NPCIL) to work together for development of nuclear power in India and for this purpose to form a joint venture (JV) company for setting up nuclear power projects.
09-FEB-09
The company announced that it witnessed highest ever monthly generation of 19.2 billion units in the month of January, 2009.
24-JAN-09
The company announced that its board of directors approved the investment proposal for Rihand Super Thermal Power Project, Stage - III (2 X 500 MW) in the state of Uttar Pradesh at estimated cost of Rs 62,308.11 million.
13-JAN-09
Karnataka signed 2 separate memorandum of understanding (MoUs) with the company and Bharat Heavy Electricals (BHEL) to set up thermal power plants.
06-JAN-09
The company signed a memorandum of understanding (MoU) on Jan. 06, 2009 with Hindustan Aeronautics for preparation of detailed project report for `Repairs of Hot Gas Path Components`.
17-DEC-08
The company inked an memorandum of understanding (MoU) with Transparency International India (TII) on December 16.
12-DEC-08
The company has announced that a joint venture company (JVC) has been incorporated on Dec. 11, 2008 amongst the company, NHPC (formerly known as National Hydroelectric Power Corporation), Power Finance Corporation (PFC) and Tata Consultancy Services (TCS) under the name `National Power Exchange` to operate a power exchange at National level.