National Thermal Power Corporation (NTPC) is planning to establish power exchange. In this regard, the company has formed joint venture company (JVC) namely National Power Exchange (NPEX). The joint venture with NHPC, Power Finance Corporation (PFC) and Tata Consultancy Services (TCS) has already received in-principle approval from the Central Electricity Regulatory Commission (CERC) to start.
The said power exchange will be the third power exchange after Power Exchange India (PXIL) and India Energy Exchange, and the operation is expected to be commenced within a year. NPEX is backed by rich domain knowledge of the power sector and envisions a strong role in market development and optimal utilization of generation and transmission resources.
NTPC’s net profit for the quarter ended March 31, 2011 surged 37.88% at Rs 2781.84 crore as compared to Rs 2017.65 crore for the quarter ended March 31, 2010. Its total income increased by 24.81% at Rs 16185.08 crore for the quarter under review from Rs 12967.44 crore in the corresponding previous quarter.
Company Name | CMP |
---|---|
NTPC | 333.30 |
Tata Power | 401.25 |
Power Grid Corp | 315.75 |
Adani Power | 498.45 |
Torrent Power | 1476.80 |
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