Tariff prop for NTPC margin

Tariff prop for NTPC margin

2019-08-16T09:27:49+00:00August 16th, 2019|Water Energy|

Consolidated profit for the quarter rose to Rs 2,840.28 crore from Rs 2,688.96 crore a year ago.

State-run power generator NTPC has posted a 5.63 per cent rise in consolidated net profit for the June quarter of 2019, backed by an improved average tariff and performance of the hydro-electric sector.

Consolidated profit for the quarter rose to Rs 2,840.28 crore from Rs 2,688.96 crore a year ago.

Total income increased to Rs 26,272.24 crore from Rs 24,148.50 crore in the corresponding previous quarter.

Gross power generation of the NTPC group for the June quarter was 76.63 billion units (BUs) against 76.92 BUs in the same period of 2018. The average power tariff of the firm was Rs 3.63 per unit in the quarter against Rs 3.36 a year ago.

While plant load factor, a measure of capacity utilisation, for coal projects dropped to 73.91 per cent from 77.98 per cent in the previous year, that of hydroelectric projects improved to 57.38 per cent from 38.91 per cent.

Domestic coal supply dipped to 42.28 million tonnes in the April-June period from 43.04 million tonnes a year ago.

Coal imports by the company went up slightly to 0.89 million tonnes in the said quarter from 0.09 million tonnes a year ago.

The group’s total installed capacity increased to 55,126 MW as on June 30, 2019 from 53,156 MW as on June 30, 2018.