NTPC Q2 network down over 7 PCs to Rs 3,418 cr | Biden News

NTPC Q2 network down over 7 PCs to Rs 3,418 cr

 | Biden News

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State-owned power giant NTPC on Saturday reported a more than 7 percent drop in its consolidated net profit at Rs 3,417.67 crore for the September quarter, mainly due to higher expenses.

The company’s consolidated net profit was Rs 3,690.95 crore in the quarter ended September 30, 2021, it said in a BSE filing.

Total revenue rose to Rs 44,681.50 crore in the quarter from Rs 33,095.67 crore in the year-ago period.

Total expenditure jumped to Rs 40,000.99 crore in the second quarter of this fiscal from Rs 28,949.53 crore earlier.

The company’s average electricity tariff from April to September this year was at 4.77 rupees per unit, compared to 3.86 rupees per unit in the same period in 2021.

Plant load factor (PLF or capacity utilization) of coal-based thermal power plants climbed to 74.08 percent in the second quarter from 69.29 percent.

The imported coal supply rose to 5.58 MMT from 0.42 MMT in the same period a year ago.

The domestic coal supply also increased to 48.72 MMT from 44.83 MMT.

Coal production from captive mines stood at 4.32 MMT against 2.79 MMT a year ago.

The total installed capacity of the NTPC group (including JVs and subsidiaries) rose to 70,254 MW as on September 30, 2022.

Its gross electricity generation climbed to 85.48 billion units (BU) in the quarter from 77.42 BU in the same period a year ago.

(This story has not been edited by Devdiscourse staff and is automatically generated from a syndicated feed.)

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