NTPC Q1 profit climbs 13 per cent to Rs 2,075.78 crore

NEW DELHI: The country's largest power producer NTPC on Monday posted a nearly 13 per cent jump in net profit to Rs 2,075.78 crore for the quarter ended June, 2011.

The thermal power major had posted a profit of Rs 1,841.89 crore for the April-June period a year ago.

NTPC's sales shot up to Rs 14,524.23 crore in the first quarter of the current fiscal from Rs 13,006.26 crore in the year-ago period, it said in a statement.

The entity has an installed capacity for generation of 34,854 MW of power.

"Pending determination of station-wise tariff by the CERC, sales have been provisionally recognised at Rs 1,281,933 lakh during the quarter ended June 30, 2011 (corresponding previous quarter Rs 1,193,111 lakh)...," NTPC said in a regulatory filing today.

As part of efforts to tie-up funds for its upcoming projects, NTPC recently mopped up USD 500 million through an international bond issue. The company has also signed a Rs 10,000 crore (over USD 2 billion) loan agreement with State Bank of India.

NTPC's upcoming projects include the 1,320-MW Solapur plant and the 4,000-MW mega-thermal power plant in Kudgi, Karnataka.

Shares of NTPC were marginally up at Rs 184.05 in late afternoon trade on the Bombay Stock Exchange on Monday.