NTPC Ltd.

NTPC, the country’s biggest power producer, has posted a 24.2 per cent jump in net profit for the quarter ended March 31. Profit for the quarter was Rs 2,505 crore, while net sales rose 17.7 per cent to Rs 14,488 crore For 2010-11, however, net profit rose only marginally to Rs 8,826 crore (Rs 8,728 crore the year before), while net sales rose 16 per cent to Rs 53,721 crore.

The company plans to invest Rs 26,400 crore in 2011-12, against Rs 16,326 crore in 2010-11. The company has plans to set up 15 green-field project mostly coal-based in the next five-seven years.  It has received coal linkage for nine new projects of 10,920 Mw capacities. It is also reviving proposals to buy coal mines in Indonesia, Australia, Mozambique and South Africa. NTPC is also looking at projects abroad and has so far selected the neighboring countries of Bangladesh, Sri Lanka and Bhutan. crackcrack