Background

NTPC Ltd (NTPC) was incorporated in 1975. In 1997, the company was granted the Navratna status. During 2004, the company came out with its IPO. The company is primarily involved in power generation and sale of bulk power.

Business Profile

NTPC operates 15 thermal power plants, seven gas power stations and three hydro power projects with an aggregate installed capacity of 27,912 MW. The company’s other lines of business include consultancy services in engineering, project management, construction management, operation & maintenance of power plants. The company is also engaged in coal mining and oil & gas exploration. During FY09, the company added 1,000 MW to its existing installed capacity and generated 206,939 MUs of electricity, registering growth of around 3% y-o-y. During FY09, it sold around 193,688 MUs of electricity. For FY09, the coal based stations and gas based stations operated at PLF of 90% and 67.01% respectively. During FY09, the company incorporated following JV companies - NTPC-BHEL Power Projects Pvt Ltd with BHEL; BF-NTPC Energy Systems Ltd, with Bharat Forge for manufacturing of castings, forgings, fittings and others; National High Power Test Laboratory Pvt Ltd, with NHPC, Power Grid and DVC to set up an online high power test laboratory for short circuit testing and National Power Exchange Ltd with NHPC, RFC and TCS to facilitate power trading. The company entered into an MoU with Nuclear Power Corporation of India Ltd for nuclear power projects in FY09.