NTPC’s FY21 Capex On Target: Dolat Capital
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Dolat Capital Report
NTPC Ltd.’s Q3 sales was up 4% YoY at Rs 245 billion while adjusted profit after tax was Rs 33 billion, up 10% YoY.
The coal plant load factor in nine months FY21 was 62%, a drop compared to FY20 PLF of 69%, but is still higher than the industry PLF of 51% in nine months FY21.
Overdue receivables have come down 14% sequentially at Rs 167 billion.
The company added capacity of 1475 megawatt nine months FY21, including 15 megawatt of renewables.
It plans to achieve 5.5 gigawatt of capacity addition in FY21. Its capex target remains at Rs 210 billion in FY21.
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