NTPC Ltd.

The coal ministry is reportedly asking for an explanation from NTPC and other top power companies for not developing coal blocks issued to them by the government. In an Inter Ministerial Group (IMG) meeting, a senior bureaucrat of the coal ministry has decided to issue show cause notices to various companies for about 30 coal blocks. The IMG will consider the responses of the companies before taking any action.

The company has reported a rise of 68.93% in its net profit at Rs 4381.16 crore in Q4FY13 as compared to net profit of Rs 2593.44 crore in the same quarter previous year. Total income of the company has increased by 6.03% to Rs 17349.09 crore as compared to Rs 16361.51 crore in corresponding quarter last year.