National Thermal Power Corporation (NTPC) increased its combined net profit by more than 19% to Rs 4,626 crore in the 3rd quarter of the present fiscal year.
In the previous year’s similar quarter, it made a combined profit of Rs 3,876.36 crore. It should be remembered that the business recorded a total profit of Rs 3,315 crore and combined revenue of Rs 24,509 crore during a similar period the previous year. The net profit for the third quarter was Rs 3,212 crore, while the combined revenues were Rs 28,329 crore.
The NTPC board members agreed on Saturday, among other things, to give a dividend payout of 40% (Rs 4 per share) on the full price of paid-up equity stock of Rs 10 each for the fiscal year 2021-22. In a second statement, NTPC said that its board members had accepted an asset monetization plan to spin off the firm’s recognized renewable power facilities, as well as NTPC Renewable Energy Ltd, into a wholly-owned subsidiary.
In the third quarter, the business got 52.81 million metric tonnes (MMT) of coal, compared to 45.56 MMT a year before. Likewise, coal imports increased to 0.52 million metric tonnes in the quarter, up from 0.26 million metric tonnes in the previous quarter.
The NTPC Group’s total electricity production capacity climbed to 67,757.42 Megawatts on December 31, 2021, up from 62,975 Megawatts the previous year.
