Tag: NTPC Coal Mining

India: Rising fuel costs weighs on NTPC’s profit in H1FY’23

Oct 31, 2022

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by

Abdul Sayeed

in Non Coking

The country’s largest power producer, NTPC, has reported an increase in standalone net profit by 10% y-o-y to INR 7,048 crore in April-September, 2022. However, profits were dented by bulging expenses incurred primarily on account of exponential growth in coal imports. The company’s turnover surged 43% y-o-y to INR 81,041 crore in H1FY’23, while total…