State-run power producer National Thermal Power Corporation (NTPC) on Friday announced that its net profit for the fourth quarter ended on March 31, 2009, has witnessed decent 57.77% growth to Rs 2,113 crore, as compared to Rs 1,339 crore during the same quarter ended March 2008.

Further, the company's net sales have also witnessed upward trend of Rs 11,445 crore for the quarter under review, from Rs 10,743 crore in the same period of fiscal 2008.

During the year ended on March 31, 2009, the company has clocked a consolidated net profit of Rs 8,092 crore, up 8.33% from Rs 7,469 crore in the same period last fiscal.

Recently, the company, in association with Steel Authority of India (SAIL), Coal India (CIL), Rashtriya Ispat Nigam (RINL) and NMDC has incorporated a joint venture company under the name `International Coal Ventures`` (ICVL).

As per media reports, NTPC has formed this company for the purpose of carrying on business for overseas acquisition or operation of coal mines or blocks/ companies for securing coking and thermal coal supplies Stock price of NTPC settled in green at Rs 216, up 2.10% on National Stock Exchange (NSE). The total volume of shares traded on NSE was 9,278,347.