National Thermal Power Corporation Limited (NTPC) has recorded a slight growth of 1% in its total net profit for the quarter ended June 30, 2013. The company in April-June quarter of FY 14 recorded a net profit of Rs 2,527 crore in comparison Rs 2,498.6 crore in the same period last year. Profit in the quarter improved slightly in spite of expenses going down by 6% for the quarter and was at Rs 12,289 crore. Fuel expenses which hold a major part in expenses had come down by 11% and were at Rs 9,425 crore.
NTPC is India’s largest electric utilities company having an installed capacity of 41184 MW. It is emerging as an ‘Integrated Power Major’, with a significant presence in the entire value chain of power generation business.
The company’s total income decreased by 2.8% and was recorded at Rs 16,358 crore for the quarter under review; while, the total income for the same period last year was Rs 16,844 crore. However, income from power sales came down to Rs 15,612 crore with a decline of 2.1%.
On the other hand, the company is having problems from its four confined mining projects in Jharkhand which are not yet commenced. They are now considering moving out of the place owing to the law and order issues faced by them in the state. The mines allocated to them are – Pakri Barwadih, Kerandari, Chatti Bariatu and Chatti Bariatu (South) in Jharkhand. NTPC is the only company among the 25 firms pursuing active mining operations in Jharkhand.