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Power major NTPC Ltd has reported a 13 per cent rise in its net profit during the first quarter of the current fiscal at Rs 2,076 crore. Net sales were up 9.5 per cent to Rs 14,171 crore.
During the quarter, fuel cost surged 12 per cent to Rs 9,750 crore from Rs 8,700 crore in the year-ago period. “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.
The company has a generation capacity of 34,854 MW.
As part of efforts to tie-up funds for its upcoming projects, NTPC recently mopped up $500 million through an international bond issue. The company has also signed a Rs 10,000-crore loan agreement with State Bank of India.
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