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NSPCL net up 2% at Rs 194 cr in FY12

Press Trust of India/New Delhi 17 May 12 | 01:37 PM

NTPC-SAIL Power Company posted about 2% jump in annual net profit at Rs 194.22 crore, for the financial year ended March 31, 2012.

NSPCL, a joint venture of NTPC Ltd & SAIL, has posted a net profit of Rs 194.22 crore for 2011-12 as against Rs 191.33 crore in 2010-11, NTPC said in a statement.

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The total revenues of the company grew 27.27% to Rs 2,449.81 crore (including the value of coal) during 2011-12 as against Rs 1,924.96 crore in the previous fiscal.

"The improved financial performance is attributable to increase in declared capacity and operational efficiency in the plants located at Bhilai (Chhattisgarh), Durgapur (West Bengal) and Rourkela (Orissa)," the statement said.

NSPCL has proposed a dividend of 12% on its equity share capital for 2011-12.

"Bhilai Power Plant (2x250 MW) has been continuously exhibiting good performance in the current year also," NSPCL CEO Vishwaroop said.

NSPCL is a 50:50 joint venture between NTPC and SAIL, formed in March 2001.

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