Mineral production grows by 8 percent in February (See 'Corp Brief') SARFAESI Act - Court refrains to adjudicate matter on merits when matter is already pending in DRAT : HC (See 'Legal Desk') Coal production in April up by 7.4% (See 'Corp Brief') SEBI Act - Appellants have made case for stay as rigours of directions of SEBI order would adversely affect business of Appellant as well as their clients : SAT (See 'Legal Desk') Trade Mark Act - Marks 'BETSONE' and 'BETASON' are deceptively similar to registered trademark 'BETNESOL' and visually, phonetically and structurally alike, with minimal alterations : HC (See 'Legal Desk') Voting by tribal communities blossoms as ECI's outreach to them bears fruit (See 'Corp Brief') SARFAESI Act - No fault can be found with respondent financial institution invoking Section 14 of SARFAESI Act by approaching District Magistrate, Rewa : HC (See 'Legal Desk') Ministry of Parliamentary Affairs observes Swachhata Pakhwada (See 'Corp Brief') Arbitration Act - Arbitral award cannot be interfered with if view of arbitral tribunal is plausible one : HC (See 'Legal Desk') IBC - Asset memorandum shall not be accessible to any person during liquidation : IBBI (See 'Legal Desk') Critical Minerals Summit concludes (See 'Corp Brief') Cr.P.C. - While adjudicating on bail application court is duty bound to ensure that accused's right to life and right to health is not violated : HC (See 'Legal Desk') PMLA - Petitioner cannot claim bail as matter of right for treatment only at specialized hospital of his choice : HC (See 'Legal Desk') SEBI (Research Analysts) Regulations, 2014 for ontravention of RA Regulations Certificate of Registration of Noticee Gaurav Sarda can be cancelled : SEBI (See 'Legal Desk') REC Ltd declares financial results, records highest ever annual net profit (See 'Corp Brief') Trade Marks Act - Defendant's adoption of Trademark is not in good faith and potential confusion encroaches upon Plaintiff's statutory trademark rights : HC (See 'Legal Desk') SEBI Act - Noticee was maintaining call records which were sent to SEBI : SEBI (See 'Legal Desk') Arbitration - Petition u/s 29A for extension of mandate of Arbitral Tribunal can be filed even after mandate has expired : HC (See 'Legal Desk') Mines Ministry to hold 2-day Critical Minerals Summit (See 'Corp Brief') IBC - When one party owes debt to another and creditor is claiming under written agreement providing for rendering 'service', debt is operational debt if claim of debt has some connection with service : SC (See 'Legal Desk') Companies Act - Stamp duty @5% market value of property is liable to be paid only when property is situated within State of Madhya Pradesh otherwise not : HC (See 'Legal Desk') SEBI Act - Final opportunity of inspection of documents and cross-examination of witnesses should be given to Appellants : SAT (See 'Legal Desk') SARFAESI Act - Mere discovery of new or important matter or evidence is not a sufficient ground for review ex debito justitiae : HC (See 'Legal Desk') Conference organized on Maritime Amrit Kaal Vision 2047 (See 'Corp Brief') PMLA -Bail application can be dismissed as petitioner failed to satisfy conditions for grant of bail : HC (See 'Legal Desk') CSIR, NIScPR organize national workshop to celebrate World Intellectual Property Day (See 'Corp Brief') SEBI Act - Appellants have failed to substantiate their claim of financial distress nor have they brought any new fact or circumstances requiring grant of interim relief : SAT (See 'Legal Desk') ACC delivers lifetime highest annualised PAT (See 'Corp Brief') Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC (See 'Legal Desk') SJVN inaugurates First Multi-purpose Green Hydrogen Pilot Project (See 'Corp Brief') IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC (See 'Legal Desk') REC to extend loan of Rs 1869 Cr for Kiru Hydro Electric Project (See 'Corp Brief')

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NTPC profits increase by 24.3%, income by 11.5%

Published: May 30, 2017

By TIOLCORP News Service

NEW DELHI , MAY 30, 2017: NTPC Ltd. generated additional 8.339 Billion Units to cross 250 Billion Units mark in fiscal 2016-17 against back drop of declining national PLF. The total generation was 250.314 Billion Units as against 241.977 Billion Units generated in the previous year, an increase of around 3.45%. During the financial year 2016-17, NTPC Coal stations achieved PLF of 78.59% as against National PLF of 59.88%. Further, during the 4th quarter, Coal stations, Gas stations & Hydro Stations clocked availability factor of 91.62%,93.49% & 106.37% respectively.

The Company registered over 10% increase in the total income. The total income is Rs. 79,342.30 crore as against Rs. 72,009.16 crore reported in the previous year. For the FY 2016-17, audited profit before exceptional items and tax is Rs. 13,170.85 crore as against Rs. 10,595.77 crore for financial year 2015-16, registering an increase of 24.30%. The Profit After Tax of financial year 2016-17 was Rs. 9,385.26 crore.

The unaudited total income for the Q4 financial year 2016-17 is Rs. 20,886.85 crore as against the unaudited total income of Rs. 18,732.41 crore in the corresponding quarter of financial year 2015-16, registering an increase of 11.50%. For the Q4 financial year 2016-17, unaudited profit before exceptional items and tax is Rs. 3,790.90 crore as compared to Rs. 3,648.31 crore in the corresponding quarter of previous year registering an increase of 3.91%.

The Board of Directors has recommended Final Dividend for the financial year 2016-17 at the rate of 21.70% (Rs. 2.17 per share) on the face value of paid-up equity share of Rs. 10/- each, subject to the approval of shareholders in the Annual General Meeting scheduled to be held in September 2017. The Company had paid Interim Dividend at the rate of 26.10% (Rs. 2.61 per share) in February 2017. Thus, total dividend for the financial year will be 47.80% of the paid-up capital of the Company i.e. Rs.4.78 per share. This is the 24th consecutive year for payment of dividend.

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