India`s largest power producer, NTPC announced the provisional and un-audited net sales of Rs 370,046 million during 2007-08 as against Rs 325,952 million registering an increase of 13.53%. The provisional and un-audited gross revenue is Rs 398,734 million during 2007-08 as against Rs 353,807 million for the year 2006-07, an increase of 12.70%, the company added.
Provisional and un-audited profit after tax (PAT) for the year 2007-08 was Rs 71,293 million as compared to Rs 68,647 million during the year 2006-07, registering marginal growth of 3.85%, the company said. Adjusted provisional and unaudited profit after tax for 2007-08 was Rs 74,056 million as against adjusted audited profit of Rs 65,620 million for 2006-07, an increase of 12.86% after providing for incentive and keeping provision for wage revision and others (one off items).
During the year, the company paid highest interim dividend at the rate of 27% amounting to Rs 22,262.8 million.
The company approved outlay for capital schemes of Rs 135,880 million for 2008-09. In 2007-08, the company incurred capital expenditure of Rs 86,210 million on various capital schemes compared with Rs 80,000 million in previous year, reflecting an increase of 7.76%.
The company aims to be a 50,000 MW plus company by 2012 and 75,000 MW plus company by 2017 from the current capacity of 29,144 MW including 1,794 MW from JVs. Presently the 16,930 MW of capacity is under construction, the company said.
Shares of the company declined Rs 1.1, or 0.59%, to trade at Rs 186.6. The total volume of shares traded was 2,410,182 at the BSE (1.21 p.m., Thursday).