Last updated: January 28, 2023, 5:26 PM IST
State energy giant NTPC on Saturday reported an increase of nearly 5 percent in its consolidated net profit to Rs 4,854.36 crore for the December quarter, mainly due to higher revenues. The company’s consolidated net profit was Rs 4,626.11 crore in the quarter ended 31 December 2021, according to a BSE filing.
Total income rose to Rs 44,989.21 crore in the quarter from Rs 33,783.62 crore in the same period a year ago.
“The Board of Directors, at its … meeting, has resolved, among other things, to pay an interim dividend at a rate of 42.50 per cent (Rs 4.25 per share) on the par value of fully paid shares of Rs 10 each for fiscal year 2022 -23,” NTPC said in the filing.
The date of payment or dispatch of dividend is set for February 24, 2023, according to the filing.
The average power rate of NTPC in April-December 2022 was Rs 4.96 per unit compared to Rs 3.95 per unit a year ago. The load factor (PLF or capacity utilization) of coal-based thermal power plants increased from 67.72 percent to 68.85 percent in the third quarter.
Imported coal inventories rose from 0.52 MMT in the same period a year ago to 1.57 MMT in the quarter.
The domestic coal supply fell from 54.96 MMT to 52.45 MMT. Coal production from own mines was 5.35 MMT in the quarter compared to 4 MMT in the same period a year ago.
The total installed capacity of the NTPC Group (including JVs and subsidiaries) was 70,884 MW as of December 31, 2022. Gross power generation increased from 75.67 BU in the same period a year ago to 78.64 billion units (BU) in the third quarter ago .
(With input from PTI)
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