Corporate Results
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Power
NTPC Q1 net up 19 pc
Our Bureau
New Delhi
,
July 31
State-owned NTPC Ltd on Monday posted 18.65 per cent increase in net profit after tax of Rs 1,552.80 crore for the quarter ended June 30, 2006, as compared to Rs 1,308.70 crore in the same period last fiscal.
Total income (net of excise) has increased 17.86 per cent to Rs 7,790.50 crore for the quarter ended June 30 from Rs 6,609.50 crore in the year-ago period, the company informed the BSE.
NTPC also informed the BSE that it had enhanced its capacity addition programme for the Eleventh Five-Year Plan from 17,333 MW planned earlier to 21,941 MW.
"The addition of new thermal and hydro projects identified for implementation are subject to allocation by State Governments and upon obtaining necessary statutory approvals," it told the Exchange.
The company's Board, which met on Monday, also gave the investment approval for the 500 MW third stage of the Farakka Super Thermal Power project, as a merchant power plant at an indicative estimated completed cost of Rs 2,882.84 crore.
The NTPC Board also accorded investment approval for the 980 MW second stage of the National Capital Power Station at Dadri at an indicative estimated completed cost of Rs 5,596.40 crore.
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