NTPC Ltd.

NTPC is planning to establish two 500-MW units under the first phase of its Mouda power project by 2012 at an investment of Rs 5,700 crore at Nagpur. The project would cost Rs 5,700 crore for the first phase and Rs 8,500 crore for the second phase. The first unit will start power generation by March, 2012, while the second unit will be functional by September.

In this regard, the company has acquired land acquisition within record time without any resistance from farmers. Farmers have been paid Rs 10 lakh per hectare and a total of Rs 27 crore has been already disbursed till now.

The company’s net profit for the quarter ended March 31, 2011 has surged 37.88% at Rs 2781.84 crore as compared to Rs 2017.65 crore for the quarter ended March 31, 2010. Its total income has increased by 24.81% at Rs 16185.08 crore for the quarter under review from Rs 12967.44 crore in the corresponding previous quarter.