Wednesday, National Thermal Power Corporation Ltd., or NTPC, India's largest power company, announced financial results for the fiscal year, reporting a higher net profit on an increase in revenue.

The New Delhi-based company posted fiscal year net profit of Rs.7,827.40 crore, up 6% from Rs.7,414.80 crore in 2008.

The company's net revenue from sales for the first twelve months rose 14% to Rs.42,182.40 crore from Rs.36,946.20 crore last year.

For the fiscal year, the company's gross revenue amounted to Rs.45,522.20 crore, compared to Rs.40,017.70 crores, registering an increase of 14%.

During the year, the company added 1,000 MW, 500MW each at Kahalgaon Stage-II and Bhilai Expansion and expanded commercial capacity by 2,000MW, highest ever in last 14 years.

NTPC said the current installed capacity stood at 30,144 MW, including that of joint ventures, as on March 31, 2009.

The company said it has recorded the highest ever generation of 206.94 billion units, an increase of 3% year-on-year.

NTPC coal stations recorded the highest generation of 588.90 million units, a PLF 102.685% on March 31, 2009. The previous highest generation was 587.99 MU, with PLF of 102.53% on March 26, 09.

The company's coal stations recorded a PLF of 100.03% during the month of March 2009, the highest ever recorded.

The company plans to add 3,300MW during the next fiscal year and 22,430MW during XI Plan (2007-2012).

The company during the year added 151 employees, taking the total manpower strength to 24,694 as at the end of March 2009 (excluding employees in JVs and subsidiaries). The attrition rate of the executive during the year was 1.77%, compared to 3.1% in 2007-08.

By 2017, NTPC plans to have at least 1,000MW through renewable energy resources such as wind, hydro, solar, biomass and geo-thermal.

For the fiscal year 2010, NTPC has approved an outlay of Rs.17,700 crore for its capital schemes and Rs.6,825.80 crore for JVs and subsidiaries. The total outlay for the Group NTPC is around Rs.24,525.48 crore, an increase of 62% over last year.

NTPC said its research and technology development wing, NTPC Energy Technology and Research Alliance or NETRA will focus on research and technology development related to green power.

The company has decided to set aside 1% of its net profit for research and technology development, including 0.5% for research activities related to 'clean coal' and climate change initiatives.

At the BSE, NTPC closed Wednesday's trading at Rs.196.75, up by Rs.12.35 or 6.70% on a volume of 30.55 lakh shares.

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