State run NTPC today announced a marginal decline in its net profit of about 2 per cent at Rs 2,107.38 crore in the July-September quarter.
The company had reported a net profit of Rs 2,151.95 crore during the corresponding quarter last year.
The company clocked a growth of 20.46 per cent in its net sales, which was at Rs 12,989.29 crore, as against Rs 10,782.79 crore reported for the quarter ended September 30, 2009-10, it said in a filing to the Bombay Stock Exchange.
However, the company did not any specific reason for the fall in its net profit.
Power generation capacity of the company went up by 3.75 per cent during the second quarter and the company, currently has an installed capacity of 32,194 MW.
The company also informed the Exchanges that the government has decided to scrap 600 MW Loharinag-Pala in Uttarakhand in October due to environmental issues, for which it is "confident of reimbursement of the cost" by the government.
The filing added that NTPC has incurred a cost of Rs 691.59 crore on the project.
Work on the Loharinag-Pala dam had commenced in 2005 but it was suspended last year by the Environment Ministry, following concerns raised by environmentalists and locals, that the free-flowing character of the Bhagirathi has almost come to a halt.
Shares of the company today closed at Rs 205.20 a piece on the Bombay Stock Exchange, down 0.75 per cent from the previous close.
