NTPC share price jumps 4%, makes 52-week high after Q1 results; details here

livemint.com:

NTPC's stock reached a 52-week high. The shares of NTPC were seen surging and making a 52-week high for the past 5 trading sessions. The Government of India owns 51.10% of NTPC as of June 30, 2023.

The company's consolidated profit before tax saw a significant surge of 20.9% to ₹6,661.27 crore in the first quarter of FY24, up from ₹5,507.79 crore in the corresponding quarter a year ago. NTPC's total installed capacity reached 73,024 megawatts (MW) as of June 30, 2023, up from 69,114 MW in the previous year. The gross electricity generation for the quarter ended June 2023 was 88.546 billion units (BU), up from 90.498 BU in the same quarter last year.

NTPC has announced the Commercial Operation Date (COD) of the second unit of 660 MW capacity at the Barh Super Thermal Power Station, Stage-I (3x660 MW). The unit has been declared operational from 00:00 Hrs. of 01.08.2023.

With this development, NTPC's standalone commercial capacity will reach 57,038 MW, and the group commercial capacity will be 73,024 MW. Notably, captive mine coal production in Q1 FY24 was 6.24 million metric tonnes (MMT), up from 4.10 MMT in the same period last year. Domestic coal supply for its units grew to 55.57 MMT in the June quarter, up from 53.26 MMT in Q1 FY23, while coal imports decreased to 2.48 MMT, down from 4.44 MMT in the same period last year.