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NTPL-BHEL Power Projects Pvt Ltd (NBPPL) has reported a turnover of Rs 115 crore, exceeding the target of Rs 90 crore for the financial year 2010-11, its first year of commercial operations.
The joint venture of NTPC and BHEL reported a profit before tax of Rs 10 crore, surpassing the PBT target of Rs 4 crore. Set up in 2008, the joint venture mainly carries out the engineering, procurement and construction contracts for power and infrastructure projects in India and abroad.
For the current year 2011-12, the company has signed an MoU with NTPC and BHEL to achieve 90 per cent growth in turnover with matching increase in profit.
NBPPL is setting up a power equipment manufacturing at Mannavaram in Chittoor district, Andhra Pradesh, which is expected to commence production in 15 months. It also proposes to set up a facility for coal and ash handling plants by 2012-13.
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