Confident of growth in the economy, fuelling more demand for power says Dr. Arup Roy Choudhury, CMD NTPC
27th Aug, 2014
NTPC to pay total dividend of Rs. 5.75 per share
The new Government's vision of providing power 24X7 to each household translates into robust growth opportunities amid challenges for the sector. The decision to put coal, power and renewable energy under one Minister also results in an integrated energy approach, strong focus on tapping all the possible sources also opens up new business opportunities for your Company said Dr. Arup Roy Choudhury, CMD NTPC addressing the shareholders at the 38th Annual General Meeting of the Company held in New Delhi today. All the functional and Independent Directors of the company were present with him on the occasion.
Speaking about performance of the company he said that during year the Company crossed 43,000 MW capacity and the current installed capacity is 43,128 MW. 1,835 MW new capacity was added during the financial year 2013-14. NTPC has awarded work for 4,150 MW capacity and exceeded the capex target of Rs. 20,200 crore during the year.
He informed that the capex of the company has been increasing steadily since 2011-12 with an exceptional and unprecedented feat of exceeding targets by about 7.5% in 2013-14. The adjusted profit increased by 16.44% reaching Rs. 10,562 crore and the total income increased by 8.5% reaching Rs. 74,708 crore. During the AGM shareholders gave consent for a total dividend of Rs. 5.75 per share for the year.
Regarding the growth of the sector he said India currently has one of the lowest annual per capita power consumption of 917.18 kwh in the world which is the lowest among BRICS nations. Demand, supply and consumption trends will be the key to the growth of the sector. He said I am confident that the future will see growth in the economy, fuelling more demand for power.
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