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In Focus: Empowering India

NTPC steps on gas to expand production, bridge power shortage

NTPC, the largest thermal power company in India, has close to 20 per cent share of the total installed capacity in the country. The company's core business is engineering, construction and operation of power generating plans apart from providing consultancy to power utilities in India and abroad. The company's entry into coal mining has been to ensure fuel security and to tide over price volatility. The company is also in the process of acquiring coal mines abroad. The power utility expects to meet nearly 20-25 per cent of its coal requirements from the captive mines.

This will be no mean achievement considering the fact that its coal mines might catapult the company into the second largest coal producer in the country after Coal India.

The utility is also keen on spot purchasing of gas and towards this purpose it is exploring entry into gas value chain and looking for opportunities both in India and abroad. The company is also credited with turning around several power stations. NTPC reported improved performance in the September 2006 quarter.

Its operating profit surged by 41.6 per cent year-on-year to Rs 1,840 crore in the second quarter of the current financial year. The power company sold 36.36 billion units of electricity during the period, more than what it sold in the entire year last financial year.