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NTPC targets Rs 20K-crores capex in 2019-20
State-owned power giant NTPC on Tuesday said it is eyeing to produce 310 billion units of power and 10.4 million tonne of coal
New Delhi: State-owned power giant NTPC on Tuesday said it is eyeing to produce 310 billion units of power and 10.4 million tonne of coal, and spend Rs 20,000 crore on capital expenditure in the current financial year.
The company inked a memorandum of understanding (MoU) with the power ministry on various targets to be achieved in 2019-20 on May 23, a company statement said.
NTPC is targeting Rs 20,000-crore capex and 310 billion units (BU) electricity generation in the current financial year, higher than 274.45 BU in 2018-19.
It would also ensure 10.4 million tonne of coal production to strengthen fuel supply to its power stations, compared to 6.8 million tonne in 2018-19.
The firm said it is committed towards enhancing operational efficiency and simultaneously aiming to increase its revenue by 12 per cent by employing measures to strengthen financial performance for 2019-20.
