NTPC operating profit soars 62.6%, higher tax expense hits profit

NTPCIndia’s largest power generation company NTPC reported a surge in its operating profit by 62.6% to Rs 3,815 crore to Rs 2345 crore due to increase in revenue and relatively slower increase in its expenses for the first quarter.

However, the impact of higher taxes hit the net profit.

Profit grew by 4.3% to Rs 2,340 crores from Rs 2,243 crores whereas revenue grew by 11.5% to Rs 19,063 crores from Rs 17,092 crores.

The installed capacity increased by 2130 MW compare to the same period the previous year.

Power generation grew by 10 % in April-June quarter as compared to the same period the previous year.

There was an increase of 3.5% in the April-June quarter this year compared to the January-March the previous year.



Delhi Pollution Control Board extends shutdown of NTPC Badarpur plant till January NTPC Ltd said the Delhi Pollution Control Committee has given directions to keep all its units in Badarpur Thermal Power Station closed till January 31, 2017.The reason for the committees direction has not been disclosed by NTPC. However, the reason is likely to be concerns around poor air quality in Delhi.The plant was first shut down earlier this y...
ABB creates record with 1.2 mln volt transformer for new India grid Power generator ABB said it developed, manufactured and energized a 1.2 mln volts ultra high voltage power transformer to support India’s plans to build a 1,200 kV transmission system.The new grid will supplement the existing 400 kV and 800 kV networks as demand for electricity increases."The 1.2 million volt transformer represents the highest alte...
NHPC extends power purchase for 35 years Hydro power company NHPC Ltd said the power purchase agreements for its two power stations, Teesta-V power station and Rangit power station has been extended for another 35 years.Teesta-V has power generating capacity of 510 MW, while Rangit station has a capacity of 60 MW.The agreement extension is from the date of commercial operation of last unit ...
Heritage Foods commissions second wind power project with Suzlon in Andhra Heritage foods Ltd, one of the largest private sector dairy enterprises in Southern India, said it has finished the commissioning of the 2nd wind power plant at Vajrakarur of Ananthapur District in Andhra Pradesh.The wind power plant has a 2.1 MW capacity and is expected to generate 5 million units per year. At Rs 7 per unit, that is worth about Rs 3.5 c...
India Power Corporation enter into joint venture with German based Uniper India Power Corporation Limited (IPCL), a power generation company, has entered into a 50:50 joint venture service company- "India Uniper Power Services" with German based Uniper, said t he company.The new JV will offer services like flexible and customised plant operations and maintenance, asset monitoring software and analytical tools, flexibilisation ...
NTPC’s Koldam power project on Sutlej sets power production record NTPC, a power generation company, said its first hydro power project, the 800 MW Koldam Hydro Project in Himachal Pradesh, achieved more than its targeted power generation levels.The project, built on river Sutlej, began commercial operation in July last year.In the financial year 2015-16 it generated 1794.71 million units of electricity and in J...
NTPC raises Rs 800 cr non convertible debentures  NTPC announce today said that it has raised Rs 800 crore as through private placement of secured non-convertible debentures at a rate of 7.58% per annum.The debentures will have a maturity period os 10 years added the company.The fund will be utilized to finance capital expenditure and refinancing the debt requirements in the ongoing projec...
Tata Power South African JV starts operations at 95 MW wind farm Tata Power's South African joint venture Cennergi started commercial operations at its 95 MW Wind farm project in South Africa's Tsitsikamma Community.The wind farm comprises of 31 V-112 3.075 MW Vestas, high-wind turbine with very high capacity factor.As the preferred bidder, Cennergi was selected for two wind projects under the second window of the...
Power ministry hastens rural electrification plans after Modi’s I-Day speech Following Narendra Modi's Independence day speech Power ministry has decided to electrify remaining  7,876 un-electrified villages before 1st May 2018.The project, which was taken on mission mode last year, will now see squeezing the implementation schedule to 12 months and also dividing village electrification process into 12 stages, with defined ti...
BHEL bags order for 30 MW solar plants from West Bengal Bharat Heavy Electricals Ltd announced that it secured an order for setting up 30 MW (3x10 MW) of Solar Photovoltaic Power Plants on engineering, procurement and construction basis from West Bengal State Electricity Distribution Corporation.The order is valued at Rs 169 crores.The SPV plants of 10 MW each are to be set up at Mejia in Bankura dis...
NTPC power production costs decline even as private producers increase share The cost of production of electricity fell to Rs 3.04 per kWh during the period from April to June 2016 from Rs 3.19 during the same period last year, the government said.This is mainly on account of rationalization of freight charges for domestic coal and reduction of imports, the government said in a statement.The cost of power of Central Gener...
India’s National Solar Mission gets off to a jump start, to exceed target this year India is set to nearly double its solar power generation capacity in the ongoing financial year and comfortably exceed its target of adding 1.8 GW of extra capacity during the year.According to numbers obtained from various government sources, the country is all set to end the current financial year with a total solar power generation capacity of about 6...
BHEL wins Rs 3,500-cr order from NTPC Bharat Heavy Electricals Limited said it won an order worth around Rs 3,500 for the supply of two 800 MW boilers with supercritical parameters for Telangana Super Thermal Power Project (TnSTPP).The project is located within NTPC’s existing Ramagundam Power Station in Karimnagar district of Telangana."The power generated from this plant will cont...
Govt officials’ travel bills subject to RTI – CIC tells NTPC The Chief Information Commissioner -- the highest authority under India's Right to Information law -- has ruled that the bills submitted by a government official for getting travel allowance are not covered under privacy safeguards.Government officials are allowed to claim TA or travel allowance in lieu of expenses incurred while traveling on official bu...
BHEL commissions 520 MW coal unit for Hinduja National Power Corp in Vizag Bharat Heavy Electricals Limited (BHEL) commissioned a 520 MW coal-based thermal generating unit at the 2x520 MW Vizag Thermal Power Project of Hinduja National Power Company Limited (HNPCL), Visakhapatnam.BHEL has already commissioned 5,010 MW of power plants in the utility sector during the financial year 2015-16 and is on track to achieve the target s...