MoS launches Ayush Anudan Portal under Ayush Grid Initiative (See 'Corp Brief') IPR - Sec 17 of Trade Marks Act does not prevent protection of prominent part of composite mark where that part is distinctive: HC (See 'Legal Desk') Coal Production commences from Urtan and Dhirauli Mines in MP (See 'Corp Brief') Govt's TEAM Initiative empowering Small Businesses through Digital Commerce Enablement (See 'Corp Brief') PMLA - Provisional attachment not invalidated due to lack of competency of officer; amended provisions do not apply to transactions prior to 2016 amendment if property continues to be held: SAFEMA (See 'Legal Desk') MoRD charts roadmap for Women-Led Rural Marketing Ecosystems (See 'Corp Brief') Pharmacopoeia Commission organizes 5-Day Capacity Building Training (See 'Corp Brief') Saurabh Vijay assumes charge as CEO of Unique Identification Authority of India (See 'Corp Brief') Companies Act - Appellant company directed to change its name where it significantly resembles the name of a pre-existing company and may cause confusion: HC (See 'Legal Desk') Minister reviews technology-led underground mining, integrated smelting operations (See 'Corp Brief') Scientific Steering Committee Meeting on National One Health Mission Held in New Delhi (See 'Corp Brief') Govt launches campaign to reduce edible oil consumption (See 'Corp Brief') PMLA - Provisional attachment unsustainable when Initiating Officer fails to establish source of consideration & beneficial ownership as per Section 2(9)(A): SAFEMA (See 'Legal Desk') HM inaugurates 'Million Minds Tech Park' and 'GREMI City Campus' in Ahmedabad (See 'Corp Brief') Amit Shah inaugurates State-of-the-Art Milk Processing Plant of Madhur Dairy (See 'Corp Brief') Experts Discuss Yoga for Youth and Mental Wellness in Digital Era (See 'Corp Brief') Misc - RBI circular dated June 07, 2019 on 'Prudential Framework for Resolution of Stressed Assets' was policy decision taken by expert body in larger public interest: HC (See 'Legal Desk') GeM continues to support Digital Public Procurement System (See 'Corp Brief') Ministry of Education reviews strategy for mainstreaming Out-of-School children (See 'Corp Brief') Misc - NBFC cannot reposses financed vehicle through coercive means, without adherence to due process of law and in violation of RBI recovery guidelines: HC (See 'Legal Desk') Supreme Court lays down scenarios for lifting of Doctrine of Corporate Veil (See 'CORP EINSICHTf')

NTPC Group Q1 profit surges by 5.63%

Published: Aug 12, 2019

By TIOLCORPLAWS News Service

NEW DELHI, AUG 12, 2019: THE country's largest power generator - NTPC Ltd., declared its unaudited financial results for Q1 FY20. The gross generation of NTPC Group, with an installed capacity of 55786 MW, in Q1 FY20 was 76.63 Billion units as against 76.92 Billion units during the corresponding previous quarter. NTPC Coal stations achieved PLF of 73.91% in Q1 FY20 as against the National Average PLF of 62.83%.

On consolidated basis, in Q1 FY20, the Total income was Rs 26,272.24 crore as against the Total income of Rs 24,148.50 crore during the corresponding previous quarter, registering an increase of 8.79%. For NTPC Group, Profit After Tax (PAT) for Q1 FY20 was Rs 2,840.28 crore as compared to Rs 2,688.96 crore in the corresponding previous quarter. On standalone basis NTPC recorded PAT of Rs.2,602.79 crore for Q1 FY20  as compared to Rs 2,588.14 crore in the corresponding previous quarter. 

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