#14 SHARP SURGE IN PROFITS
NTPC
PUBLIC SECTOR NTPC meets one-fourth of India's electricity requirements through its diverse portfolio of thermal, hydro, solar and wind power plants. Though it has always been a big player in the energy sector, its FY23 performance stands out for the pace of transition towards renewable energy (RE) without compromising immediate energy needs of the country.
For the first time, organic non-fossil capacity addition surpassed fossil capacity addition. FY23 has been historic for NTPC on several other counts as well-it recorded highest ever annual generation of 399 billion units (BU), 11% more than 361 BU in FY22; doubled RE generation and reported highest ever RE capacity addition; registered highest ever net profit of ₹16,913 crore; and recorded 30% increase in annual income to ₹1,78,906 crore as against ₹1,37,580 crore in FY22. "Despite a challenging economic environment, NTPC demonstrated strong growth and achieved remarkable financial results. This growth was primarily driven by increase in generation from existing assets and newly commissioned units, including renewable," says Gurdeep Singh, chairman & managing director, NTPC.
NTPC and subsidiaries have 89 power generation facilities, including 35 coal-based plants, 29 solar PV stations, 11 gas-based facilities, 11 hydro plants and three wind power stations. Such broad mix helps NTPC leverage renewable and clean energy technologies while providing reliable power supply to the nation. Experts say identification of new sources of fuels while entering into long-term supply contracts is the reason NTPC could ensure uninterrupted operations at plants during FY23 despite supply chain disruptions due to geopolitical developments.
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