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BW Businessworld

Championing Energy Course

NTPC has not only lived up to its mandate of being power suppliers to the nation but also shone as an enterprise during the pandemic

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Rank 14 - NTPC 

Gurdeep Singh, Chairman & MD

Sector: Infrastructure

Overall, Avg. Score: 2.78

Revenue: Rs 115,547 crore

State-owned NTPC is India’s largest energy conglomerate which was launched in 1975 to accelerate power development in India. 

Despite 2020-21 being a year of unprecedented disruption and the resultant economic distress due to the coronavirus pandemic, NTPC achieved capacity addition of 4,160 MW and commercial capacity addition of 3,824 MW including 904 MW capacity from renewable and hydro sources. NTPC’s bills realisation crossed Rs 1 lakh crore for the first-time, achieving realisation of 100 per cent of the billed amount. 

This year’s BW Businessworld Most Respected Companies study has ranked NTPC at No. 14, up five places from the previous MRC ranking, on the back of high scores for Financial Return and Work Culture.   

Record Profit

In FY21, NTPC registered its highest ever profit of Rs 13,769.52 crore as against Rs 10,112.81 crore in the corresponding previous year, registering an increase of 36 per cent. The total income of the company stood at Rs 103,552 crore as against the previous year’s income of Rs 100,478 crore. 

In FY21, the NTPC Board recommended final dividend at 31.50 per cent of paid-up capital i.e. at Rs 3.15 per share in addition to the interim dividend of 30 per cent of paid-up capital, i.e. Rs 3 per share already paid. This was the 28th consecutive year that the company had paid dividend. NTPC also did buyback of 2 per cent of its paid-up capital in FY21 for the first time and incurred capex of Rs 20,686 crore. For the next level of growth, NTPC has also sharpened its focus on renewable energy. 

‘NTPC Renewable Energy’, a 100 per cent subsidiary was incorporated to add renewables through a focused approach. “NTPC has also made plans for creating its renewables portfolio which could be as large as the thermal portfolio,” said Gurdeep Singh, Chairman and MD. Accordingly, the renewable targets have been revised to 60 GW from 30 GW by 2032. A total of 15 per cent (1,560 MW) of renewable bids finalised in the country were won in FY21 by competing with various players in the sector. 

In the past one month, NTPC has outperformed the market by surging 22 per cent on expectation of strong power demand. The stock has zoomed 58 per cent in a year as against 17 per cent rise in S&P BSE Sensex.

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ntpc Magazine 4 June 2022