NTPC announces provisional results, net profit increases 15.57%

The National Thermal Power Corporation (NTPC) has achieved operational excellence and robust financials during the year 2006-07. CMD, NTPC, Shri T. Sankaralingam presented the major highlights of the performance of the Central Public Sector Undertaking at a press conference today in New Delhi. Some of the highlights are:

OPERATIONAL EXCELLENCE

- Coal based Stations performed at the highest ever Plan Load Factor (PLF) of 89.43 per cent compared to 87.67 per cent last year.

- Seven coal based stations (Dadri, Unchahar, Vindhyachal, Simhadri, Rihand, Tanda and Talcher-Kaniha) have achieved more than 90 per cent PLF.

- Generated 188.74 Billion Units (BU)- an increase of 10.41 per cent over the previous year.

- Contributed 28.50 per cent of the total electricity generated in the country during 2006-07 with 20.18 per cent share of the total installed capacity of the nation.

- Uninterrupted running of Vindhayachal Unit #3 (210 MW) for 559 days is a new national record.

- All the taken over stations operating at more than 85 per cent PLF.

- Commendable turnaround at Unchahar project. From PLF of 18 per cent at the time of takeover to present PLF of 95.59 per cent. Feroze Gandhi Unchahar Thermal Power Station won ‘Asian Power Plant of the Year Award 2006’ instituted by Asian Power Magazine, Hong Kong for overall plant performance.

- Singrauli, the flagship station of NTPC completes 25 years of generation. Unit I of Singrauli, a unit of 1982 vintage, registered more than 91 per cent average PLF during the last decade.

ROBUST FINANCIALS

- Provisional and unaudited profit after tax for the year 2006-07 is Rs 67,264 Million as compared to Rs. 58,202 million during the year 2005-06, an increase of 15.57 per cent.

- Provisional and unaudited Net sales of Rs. 306,387 million during 2006-07 as against Rs. 261,429 million registering an increase of 17.20 per cent. The provisional unaudited gross revenue is Rs. 332,997 million, during 2006-07 as against Rs. 287,530 million for the year 2005-06, an increase of 15.81 per cent.

- Highest interim dividend @24 per cent amounting to Rs. 19789 million during the year.

- Highest ever capital expenditure of Rs. 78206 million during 2006-07.

- High investor confidence: Standard and Poor’s Ratings Services raised the corporate credit rating of NTPC to ‘Investment Grade" on the basis of its stand alone credit profile and dominant market share.

- Latest market capitalization of the company is Rs. 1327 billion (US$30.75 billion) making it the fourth largest company.

- 100 per cent realization of the billing over the fourth year in succession.

- Loan agreement of US$300 million (approximately Rs. 13.15 billion) with ADB-first loan syndication deal for an Indian Corporate under the Asian Development Bank’s Complementary Finance Scheme for Sipat and Kahalgaon Stage II.

- Loan agreement of US$ 100 million (Approximately Rs. 4.4 billion) signed with KfW to part finance the expenditure on Renovation and Modernisation of NTPC Power Plants.

- Term-loan of Rs. 20 billion disbursed by LIC in addition to Bonds of Rs. 15 billion placed with them to finance the capital expenditure of on-going projects.

- Term loan of Rs. 15 billion signed with SBI in addition to term loan of Rs. 13 billion signed with various other banks to part finance on-going capacity addition programmes.

- In the process of concluding financial tie-ups for about US $ 1.5 billion with international banks and multilateral institutions.

Source : Press Information Bureau

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