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hiren j joshi

6 years ago

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NPCIL net up 200% to Rs1,248 crore in FY10-11

During the year ending 31st March, the company achieved its highest ever generation of 26,472 million units of electrical energy, which was about 40% higher than the previous year, NPCIL director (finance) Jagdeep Ghai said

Mumbai: Nuclear Power Corporation of India (NPCIL) on Monday said its net profit jumped up 200% to Rs1,248 crore in the fiscal 2010-11, primarily on the back of easing of uranium supply from both imported and domestic sources to the nuclear plants, reports PTI.

The company had reported a net profit of Rs416.41 crore in the previous fiscal, NPCIL director (finance) Jagdeep Ghai told reporters here.

Its net sales from operations jumped 56.77% at Rs5,966 crore in FY11 as against Rs3,806 crore in the year-ago period, he said.

The total revenue (including other income) vaulted 52% at Rs 6820-crore as against Rs4479-crore, Mr Ghai said.

During the year ending 31st March, the company achieved its highest ever generation of 26,472 million units of electrical energy, which was about 40% higher than the previous year, Mr Ghai said.

"There is not much constraint about fuel availability (uranium), which had resulted in lower utilisation during the last several years, thereby resulting in sharp rise in generation," he said.

"Further, during the year, the commercialisation of the 220MW capacity Unit 4 at Kaiga in Karnataka and completion of Enmass coolant channel activities at Narora Atomic power station also contributed to the increased production," he said.

The capacity factor also increased to 71% for the year, as compared to 61% for the previous financial year, he added.

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