Plan to add more capacity, raise Rs 30,000 crore in FY17 -:- Equity Research

India’s largest power generation company NTPC reported a 4.1 percent rise in profit to Rs 2,369 crore year-on-year. Total income from operations grew 11.5 percent to Rs 19,063 crore in Q1. The company plans to add 5,648 megawatts (MW) of capacity in the current fiscal, says Kulamani Biswal, Director - Finance, NTPC. In FY18, the plan is to add 6,298 MW capacity. Generation, he says, is usually lower in the second quarter. The plant load factor for FY17 is likely to be 81 percent. The company also plans to raise Rs 30,000 crore this fiscal. Of this Rs 20,000 crore will be raised from external sources, Biswal says. NTPC is interested in providing operations and maintenance services for stranded assets, but has not received any request from banks to buy such assets, he says.