New Delhi, May 17 : NSPCL, a joint venture of NTPC Ltd & SAIL, has posted a net profit of Rs. 194.22 crore for the financial year ended March 31, 2012 as against a net profit of Rs. 191.33 crore in the corresponding period of 2010-11. The total revenues grew by 27.27 per cent to settle at Rs. 2449.81 crore (including the value of coal) for 2011-12 as against Rs. 1924.96 crore during the previous fiscal year.
The improved financial performance is attributable to increase in declared capacity and operational efficiency in the plants located at Bhilai, Durgapur and Rourkela. Bhilai Power plant (2×250 MW) has secured an all India 12th rank, amongst all coal-based power plants in India, in terms of achievement of PLF during the year.
The Company has proposed a dividend of 12 per cent on equity share capital of the company for the year ended March 31, 2012. Shri Vishwaroop, CEO, informed that the Bhilai Power Plant (2×250 MW) has been continuously exhibiting good performance in the current year also and has secured 4th rank amongst all the coal-based plants in the country during the month of April 2012.