New Delhi: Country’s largest power generation company National Thermal Power Corporation Ltd (NTPC) on Thursday announced a 15.57 per cent jump in net profit for the financial year 2006-07 to Rs 6,726.4 crore as against Rs 5,820.2 crore in the previous fiscal.
Gross revenue of the state-owned power company increased 15.81 per cent to Rs 33,299.7 crore in 2006-07 from Rs 28,753 crore in 2005-06.
Net sales rose 17.20 per cent during the financial year ended March 31, 2007 to Rs 30,638.7 crore compared to Rs 26,142.9 crore in 2005-06, the company said.
NTPC chairman and managing director T Shankarlingam told PTI in New Delhi that the company was targeting to increase power generation capacity to 50,000 MW by 2012 and 75,000 MW by 2017 from just over 26,000 MW at present.
He said the company had adopted a multi-pronged strategy to increase capacity. This includes expansion of existing plants, setting up greenfield units and acquiring power plants of state electricity boards, he added.
The company, which currently generates all of its electricity from coal, is also foraying into hydroelectric and nuclear power generation, he said.
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