State-run power generator NTPC Ltd recorded gross power generation of 93.387 billion units (BU) in Q4, 4.15 percent higher than 89.668 BUs recorded in the same period of the previous year. This comes amid rise in power demand amid high temperatures across the country.
Compared to the previous quarter, gross electricity generation of NTPC rose 4.38 percent in Q4 from 89.467 BUs recorded in Q3FY24.
Amid rising power demand in the country, India’s total stock of coal at pit-head and on transit to thermal power plants (TPPs) reported a growth of 25 percent to 147 metric tonnes (MT) as on May 15, compared to stock of 117 MT on the same day last year, the coal ministry had said.
In the full year FY24, NTPC recorded gross power generation of 361.703 BUs, compared to 344.272 BUs in FY23, an increase of 5.06 percent.
Meanwhile, with the decline in natural gas prices, NTPC gas consumption showed sharp spike of 131.71 percent to 0.95 MMSCMD in the fourth quarter from 0.41 MMSCMD last year.
On May 24, NTPC reported a consolidated net profit of Rs 6490.05 crore for the fourth quarter of 2023-24, up 33 percent from Rs 4871.5 crore in the year-ago period. Sequentially, consolidated net profit of the company rose by 24.5 percent from Rs 5208.87 crore in the December quarter.
The company’s board of directors recommended final dividend of Rs 3.25 per equity share for the financial year 2023-24, subject to the approval of the shareholders in the annual general meeting.
The board also accorded the in-principle approval for incorporation of a wholly owned subsidiary company for undertaking nuclear energy business, subject to approval of its administrative Ministry i.e. Ministry of Power, DIPAM, Niti Aayog and/or other statutory authorities as may be required.
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