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10-May-2011

Business Profile

NTPC Limited is the largest thermal-power generating company of India. A public sector company, it was

incorporated in the year 1975 to accelerate power development in the country. Since then, it has grown to

become the largest power utility of the country. The installed capacity of NTPC as on March 31, 2005 is

23,749 MW through its 13 coal based (19,480 MW), 7 gas/liquid fuel based (3,955 MW) and 3 joint-venture(coal based) projects (314 MW). NTPC has generated 1,61,557 million units (MUs) of electricity in 2004-05

including 2,447 million units generated by JV companies.

NTPC has mostly built regional power stations supplying power to the various states in the region as per the

power allocation formula approved by the government of India. As at the end of March 2005, NTPC`s

installed capacity was about 19.79% of the total installed capacity of the country and contributed to 27.09%

of the total power generation of the country during 2004-05. NTPC has adopted multi-pronged growth

strategy to become a 46,000 MW plus company by the year 2012 and 66,000 MW company by 2017. The

strategy, inter-alia, includes capacity addition through green field projects, expansion of existing stations,

joint ventures, takeover of SEB`s stations, significant addition of hydro-capacity, and forays into non-

conventional and nuclear power generation.

NTPC has also entered into a MoU with Petronet LNG for arranging one MMTPA of LNG which can be used to

overcome shortage of gas at the existing gas power stations of NTPC. In March 2006, the NTPC board

accorded the investment approval for Korba Super Thermal Power project Stage III (1 X 500 MW) at current

estimated cost of Rs. 24,484.91 million (Rs. 22,737.98 million + USD 39.26 million). Further, NTPC signed a

MoU with The Energy and Resources Institute (TERI) for implementation of distributed generation projects in

villages in India.

Financials

The company reported rise of 0.27% in standalone net profit on y-o-y basis to Rs 23.71 billion, while totalincome rose 19.11% y-o-y basis to Rs 136.23 billion for the quarter ended December 2010.

Recent Developments

10-MAY-11

National Thermal Power Corporation (NTPC) has posted growth of 5.84% in its consolidated FY11 net profit

at Rs 93.53 billion against Rs 88.37 billion for FY10.

10-MAY-11

National Thermal Power Corporation (NTPC) has posted growth of 37.88% in its Q4FY11 net profit at Rs 27.81

billion as compared to Rs 20.17 billion for corresponding quarter a year ago.

06-APR-11

India`s leading power generator, NTPC announced on Wednesday a 24.17% rise in profit after tax

(provisional and unaudited) during the quarter ended March 2011 to Rs 25.05 billion as compared to Rs 20.18

billion (unaudited) for the same period last year.

21-MAR-11

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National Thermal Power Corporation has informed BSE that the Unit-VII of 500 MW of Korba Super Thermal

Power Project, Stage-III is declared on commercial operation w.e.f. 00:00 Hrs of March 21, 2011.

08-MAR-11

State-run NTPC said it has started the trial run of the 500 MW Unit-VI of the Farakka thermal power station in

West Bengal, reports PTI.

04-MAR-11

NTPC will soon approach the Supreme Court against a Delhi High Court ruling that allowed Ansaldo Caldaie

Boilers to bid for providing super-critical power equipment to the state-run power giant, reports PTI.

21-FEB-11

NTPC is planning to step up its negotiated purchase of low-ash (A and B grade) Ranigunj coal from Coal

India from 2.5 million tons to five million tons. Negotiates sales (also referred as sales through

memorandum

08-FEB-11

Amid increasing environmental concerns, thermal major NTPC is slated to spend upwards of Rs 56 billion on

green projects in the coming five years.

Future Plans

NTPC`s plans to sell electricity in the spot market, under which around 65% power generated from two of its

projects is to be offered at a market-based price through short-term sales, is set to get the Centre`s nod

shortly. The company - the country`s largest power generator - is in the process of working out a pricing

policy for such sales.