NTPC revenue increases 3.1% during last fiscal

NTPC power business

NTPC reported that its revenue increased 3.1 percent to Rs 103,558 crore during the fiscal 2020-21.

India’s largest power company has sold 251.7 billion units of electricity in the period, 4.8 percent higher than last fiscal.

NTPC said it achieved 36.2 percent increase in its standalone net profit to Rs 13,769.5 crore in the fiscal ended March. NTPC’s net profit increased 257.6 percent to Rs 4.479.2 crore for the fourth quarter of FY21.

Utilization levels of NTPC’s coal-based power plants deteriorated with plant load factor (PLF) at its coal-based plants plummeting by 220 basis points in the fiscal to 66 percent.

The average tariff at which NTPC sold power in FY21 was Rs 3.77/unit, recording an annual drop of 3.3 percent.

The company’s average tariff had increased 15.4 percent annually to Rs 3.90/unit in FY20. Currently, the total installed capacity of the power giant stands at 65,825 mega-watt (MW). By 2032, it plans to have a total power production capacity of 130,000 MW and 30 percent of this would be non-thermal energy based.

NTPC aims to have a base of 32,000 MW renewables, 5,000 MW hydro and another 2,000 MW of nuclear power plants in another 12 years.