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NTPC’s Profit Jumps 25% as Demand for Electricity Soars in India

Cooling towers stand at the NTPC Ltd. power station in Dadri, India.
Cooling towers stand at the NTPC Ltd. power station in Dadri, India.Photographer: Pankaj Nangia

NTPC Ltd., India’s largest power producer, posted a 25% jump in quarterly profit as demand for electricity soared in one of the world’s fastest-growing economies. 

Profits increased to 41.3 billion rupees ($551 million) in the three months through December, compared with 33.2 billion rupees a year ago, the state-run company said in a stock-exchange filing Saturday. Profits surpassed an average analyst estimate of 35.9 billion rupee. Revenue jumped 18% from a year earlier to 288.6 billion rupees.