The new government’s vision of providing power 24X7 to each household translates into robust growth opportunities amid challenges for the sector. The decision to put coal, power and renewable energy under one minister also results in an integrated energy approach, strong focus on tapping all the possible sources also opens up new business opportunities for your company,” said Arup Roy Choudhury, CMD, NTPC, while addressing the shareholders at the 38th Annual General Meeting of the company.
Speaking about the performance of the company, he said that during the year the company crossed 43,000 MW capacity and the current installed capacity is 43,128 MW, 1,835 MW new capacity was added during the financial year 2013-14. NTPC has awarded work for 4,150 MW capacity and exceeded the capex target of Rs20,200 crore during the year.
He informed that the capex of the company has been increasing steadily since 2011-12 with an exceptional and unprecedented feat of exceeding targets by about 7.5 per cent in 2013-14. The adjusted profit increased by 16.44 per cent reaching Rs10,562 crore and the total income increased by 8.5 per cent reaching Rs74,708 crore. During the AGM shareholders gave consent for a total dividend of Rs5.75 per share for the year.