NTPC Ltd.

NTPC’s three coal mines’ de-allocation withdrawal is under consideration by the government. Power Ministry requested government for withdrawal of de-allocation of Chattibariatu, Chattibariatu (South) and Kerandari coal blocks. These coal mines have an annual production capacity of 13 million tonnes.  The company has submitted a revised schedule for exploitation of these blocks which were de-allocated by the Coal Ministry citing long delay by the company in developing them.

The company has registered growth of 29.63% in its net profit after tax at Rs 3142.35 crore for the quarter ended September 30, 2012 as compared to Rs 2424.12 crore for the same quarter in the previous year. Total income of the company has increased by 4.77% at Rs 17167.88 crore for quarter under review as compared to Rs 16386.87 crore for the quarter ended September 30, 2011.