India’s largest power generating company, NTPC has signed the Memorandum of Understanding (MOU) with Ministry of Power for the FY20.
The power company has kept key targets as INR 20,000 crore for capital expenditure and generation of 310 Billion Units (BU) electricity, under excellent category. The corporation is also poised to ensure 10.4 MnT of coal production in a bid to strengthen fuel supply for its power stations.
Notably, NTPC had made substantial progress on the coal-mining front to ensure fuel security. During FY18, 2.68 MnT of coal was extracted from Pakri Barwadih mine, while mining operations were also started at the Dulanga coal mine.
The company has highlighted that it is committed towards enhancing operational efficiency and simultaneously aiming to increase its revenue by 12% by employing measures to strengthen financial performance for the year 2019-20.
As part of MOU, company has said to focus on operational efficiency and incorporate measures to ensure up gradation of relevant technological parameters.
NTPC group had crossed the 300 BU power generation mark, by recording 305.90 BU output during FY19. On the financial front, consolidated profit of NTPC group rose 20.3% Y-o-Y to INR 12,633.45 Crore during the year as compared to INR 10,501.50 Crore in the previous year.
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