PSU PRESS RELEASE
NTPC income down by 5 percent
NEW DELHI . NTPC Limited registered an annual profit of Rs 10,242.91 crore during 2015-16, which is slightly lower than 2014-15 net profit of Rs 10,290.86 crore but the decline continues for three years now. The audited total income for FY16 was Rs 71,696.07 crore which is 4.8% lower than the income in FY15.
The company in a public statement said, during FY16 NTPC recorded highest ever generation of 241.975 billion units against 241.261 BU during FY15. Company executives however said NTPC could not generate close to 20% of its total generation capacity due to lack of demand.
NTPC witnessed a decline in its plant load factor or the utilisation ratio of power generation unit to 78.61%, which is lower than its PLF of 80.23 last year. The company officials said the miscellaneous cost for the company has gone up including expenditure on the CSR which doubled in a year to Rs 500 crore in 2015-16.
With the improvement in coal supply and availability, NTPC’s average energy cost came down by 13% during the last quarter. “This benefit was passed on the consumer.
We continue to recover the fixed cost from our procurers, variable cost which is a function of the demand continues to face hiccups,” said a senior director requesting anonymity.
For the quarter ending March 2016, the profit of NTPC registered a growth of 13% over Q415 to Rs 2,716.41 crore. The unaudited total income during the same period was Rs 18,560.70 crore, declining by 7.7% from Q415.
Read Also : ERES-XXXIX incorporated as wholly subsidiary of REC Power Development& consultancy Limited
News Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC