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NTPC Limited's PAT declines by Rs 132.62 crore in Q1 FY2020-21

NTPC Limited has recorded a decline of Rs 132.62 crore in Profit After Tax (PAT) in the first quarter of the current Financial Year (Q1 FY2020-19) against the corresponding period of last year

NTPC Limited has recorded a decline of Rs 132.62 crore in Profit After Tax (PAT) in the first quarter of the current Financial Year (Q1 FY2020-19) against the corresponding period of last year.

New Delhi: The country’s largest power generator NTPC Limited, a Maharatna PSU under the Ministry of Power, has declared its unaudited financial results for the first quarter of the current financial year (Q1 FY’2020-21) on Friday. During the period, the gross electricity generation by NTPC was 60.18 billion units (BU) as against 68.49 billion units during the corresponding quarter of the previous fiscal year. NTPC coal stations have achieved PLF (Plant Load Factor) of 58.22 percent in Q1 FY2020-21 as against the national average PLF of 46.70 percent.

On a standalone basis, in Q1 FY2020-21, the total income was Rs 24,021 crore as against the total income of Rs 24,518.81 crore during the corresponding quarter of the previous fiscal. Profit After Tax (PAT) for Q1 FY21 was Rs 2,470.16 crore (after allowing a rebate of Rs 802.57 crore to beneficiaries on the capacity charges during the lockdown period; the rebate was extended to beneficiaries which met the conditions approved by the board). NTPC had reported standalone PAT of Rs 2,602.79 crore in the corresponding quarter of the previous fiscal.

The present installed capacity of NTPC Limited is 6,2,910 MW (including 11,755 MW through JVs and subsidiaries), comprising of 70 NTPC stations (24 coal-based stations, 7 combined cycle gas and liquid fuel based stations, 1 hydro based station, 1 wind-based station), 25 Joint Venture stations (9 coal-based and 4 gas based) and 12 renewable energy projects. The company aims to achieve a total installed capacity of 130 GW by 2032.

NTPC Limited

NTPC Limited, formerly known as National Thermal Power Corporation Limited, is a public sector undertaking engaged in the business of generation of electricity and allied activities. NTPC Limited is India’s largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. It is a company incorporated under the Companies Act 1956 and is promoted by the government.

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