NTPC net profit up 27 percent

Tuesday, 28 July 2009, 14:30 IST
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New Delhi: State-run power utility National Thermal Power Corp (NTPC) Monday reported a 27 percent increase in its net profit to 2,193.6 crore (21,936.2 million) for the first quarter this fiscal, as compared to the 1,726.53 crore it netted in the year-ago period. Its total income surged 24 percent to 12,778.96 crore from 10,256.7 crore, the company said in a regulatory statement. During the quarter under review, net sales went up 25 percent to 12,002.68 crore as compared to 9,539.47 crore in the corresponding period last year. The company will spend 17,000 crore for capacity expansion this year. It had about 31,000 MW capacity at the end of March.
Source: IANS