NTPC Q1 net profit rises 15% to Rs 3,978 crore

Country’s largest power generation company NTPC on Friday reported a 15.51% rise in consolidated net profit for the first quarter of the current fiscal at Rs 3,978 crore on higher sales and tariff. The company had reported Rs 3,444 crore net profit in the same period last fiscal.

The board of the state-run firm, at its meeting held Friday, approved raising Rs 12,000 crore through bonds or non-convertible debentures by way of private placement in the domestic market.