NTPC Q2 net profit up 15% at Rs 2,424 cr

NTPC had reported a net profit of Rs 2,107 crore in the same quarter of the last financial year.

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Country’s largest power producer NTPC today reported 15 per cent rise in net profit at Rs 2,424 crore for the quarter ended September 30.

The company had reported a net profit of Rs 2,107 crore in the same quarter of the last financial year,NTPC informed the BSE.

Total income for the second quarter of 2011-12 went up to Rs 16,387 crore from Rs 13,612 crore during the corresponding period of the previous year,it said.

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For the first half of the financial year 2011-12,NTPC’s total

income was Rs 31,555 crore and profit after tax (PAT) at Rs 4,500 crore. Its total income was at Rs 27,128 crore and PAT at Rs 3,949 crore for the corresponding period last year.

At present,the company is facing acute coal shortage at its thermal power plants,which is hurting power generation.

NTPC power stations at Dadri in National Capital Region,Singrauli & Unchahar in North,Vindhyachal in Madhya Pradesh,Farakka & Kahalgaon in East and Ramagundam & Simhadari in South are affected due to coal shortage.

Going by estimates,coal shortages are impacting over 4,000 MW of NTPC’s power generation capacity. NTPC has an installed capacity of 34,854 MW at present.

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Shares of NTPC were trading at Rs 174.25,up 1.81 per cent on the BSE.

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