Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

NTPC Profit Rises on Higher Electricity Tariff, Lower Costs

NTPC Ltd., India’s largest producer of electricity, reported its highest profit in at least eight quarters, aided by higher tariff and lower costs.

Net income climbed 30 percent to 31.4 billion rupees ($584 million), or 3.81 rupees a share, in the three months ended Sept. 30 from 24.2 billion rupees, or 2.94 rupees, a year earlier, the New Delhi-based company said today in a statement. The median profit of 22 analyst estimates compiled by Bloomberg was 22 billion rupees. Sales gained 4.8 percent to 161.2 billion rupees.

NTPC, which deferred 11,000 megawatts of projects because of a shortage of coal, plans to increase its generation capacity by 30 percent to 51,052 megawatts in the next five years. Prime Minister Manmohan Singh is seeking $256 billion of investment by 2017 to build power plants and distribution networks that will reduce blackouts and help accelerate economic growth.

NTPC shares were little changed at 169.15 rupees as of 2:35 p.m. in Mumbai. The stock has gained 5 percent this year, compared with a 20 percent increase in the key Sensitive Index.

The company charged higher prices to customers after the Central Electricity Regulatory Commission issued a revised tariff order with effect from April 2009. NTPC’s total expenditure dropped 3 percent to 126.8 billion rupees.

NTPC has an installed generation capacity of 39,174 megawatts, or 16 percent of the country’s total, according to its website. The company aims to build a capacity of 128,000 megawatts by 2032, with 28 percent of its output coming from non-fossil fuels, it said in an August 2010 stock exchange filing.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.