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Shares of NTPC rose over 3 per cent on Monday after the company’s consolidated net profit rose 185.3 per cent to Rs 4,649.49 crore for the quarter ended 31 March. NTPC was at Rs 116.40 up 2.51 per cent from its previous close, while the benchmark index, Sensex, lost 0.20 per cent to 52,241.80.
NTPC group’s installed capacity rose 3,700 MW (megawatt) to 65,810 MW as on 31 March, 2021 over 62,110 MW as on 31 March 2020, and its commercial capacity increased by 3,364 MW to 64,490 MW as on 31 March 2021 as against 61,126 MW as on 31 March 2020.
NTPC said it had created an additional tax provision amounting to Rs 2,661.47 crore during previous years as it proposed to settle all pending income tax disputes. During the year, the company decided to settle its pending disputes for three years under the Vivad se Vishwas Scheme. Accordingly, excess tax provision amounting to Rs 1,889.05 crore has been written back during the quarter ended March 2021.
Coal produced from captive mines – commercial grew 42.88 per cent to 3.708 million metric tonnes (MMT) in March 2021 quarter from 2.595 MMT in March 2020 quarter. The total coal supply position declined 2.19 per cent to 45.68 MMT in March 2021 quarter as compared to 47.86 MMT in March 2020 quarter. Gas consumption tanked 59.42 per cent to 1.12 million metric standard cubic meters per day (MMSCMD) in Q4 March 2021 over 2.76 MMSCMD.
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