BackNTPC sets target of 75,000 MW by 2017
NTPC sets target of 75,000 MW by 2017
Premium
PTI
State-owned NTPC announced on 5 April an ambitious target of becoming a 75,000 MW company by 2017 and is planning to achieve it through a mix of setting up new plants and acquisitions, especially State Electricity Boards.
“NTPC has adopted a multi-pronged growth strategy to achieve 75,000 MW plus installed capacity by 2017. The strategy includes capacity addition through green field projects, expansion of existing stations, joint ventures and takeover of SEBs," NTPC CMD T. Shankarlingam told reporters.
He said the company would be focusing on adding hydro capacity and foraying into non-conventional and nuclear power generation, even though coal would remain to be its mainstay.
Meanwhile, NTPC posted a 15.57% increase in its profit after tax for the year 2006-07 at Rs6,726.4 crore, against Rs5,820.2 crore in the year-ago period.Net sales grew 17.20% at Rs30,638.7 crore as compared to Rs26,142.9 crore in 2005-06.NTPC paid the highest interim dividend at 24% that amounted to Rs1,978.9 crore during the year. It recorded highest capital expenditure of Rs7,820.6 crore in 2006-07.Shares of the company are being traded at Rs158.50.
The company has a market capitalisation of Rs1,32,700 crore. It has a loan agreement of $300 million (Rs1,320 crore) with Asian Development Bank for developing Sipat and Kahalgaon stage II and $100 million (Rs440 crore) with KfW to part finance its renovation and modernisation schemes.
NTPC is also in the process of concluding financial tie ups for around $1.5 billion with international banks and multilateral institutions.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
