According to the Wednesday announcement from National Thermal Power Corporation (NTPC), the company’s year-on-year net profit figures for the fiscal ending March 2009 rose 5.56 percent, after deducting Rs. 1,400 crore for the employees’ wage revision in 2008-09.

For the year ending March 31, 2009, the turnover of the Power Sector Southern Region (PSSR) division - which is the engineering, procurement and construction wing of the state-managed Bharat Heavy Electricals Ltd (BHEL) - has crossed the Rs. 1,000-crore mark! The precise turnover figures stand at Rs. 1,000.40 crore as compared to the earlier year figures of Rs. 675 crore.

The 59th PTC India Ltd Board Meeting on Monday, April 5, was marked by the amendment of the decision taken by the company's board at the 57th meeting. The previous decision went thus: "subject to the approval of shareholders raising of funds up to Rs. 12 billion through the Qualified Institutional Placement - NCDs upto Rs. 4 billion; plus warrants of upto Rs. 8 billion."

In a press release on Sunday, the state-run Power equipment maker Bharat Heavy Electricals Ltd (BHEL) announced that the annual 2008-09 turnover figures of its boiler auxiliaries plant marked a record high of Rs. 2,000 crore!

The turnover for exports also showed an increase of 40 per cent, as compared to the year-before figures, yielding Rs. 28 crore for the year on the whole. In case of the value addition per employee also, the figures depict a year-on-year increase of 19 percent to Rs. 19.79 lakh.

Power equipment manufacturer BHEL announced that its boiler auxiliaries facility had attained a record high turnover of Rs 2,000 crore during the last fiscal (2008-09).

During the fiscal, the company said that the profit before tax (PBT) stood at Rs 253 crore.

Moreover, its dispatches were up 30% at 1.9 lakh metric tonnes during the period under review.

The facility saw an increase of 26% in its growth rate, while it bagged orders worth Rs 3,700 crore during the fiscal.

In a significant move, country’s largest private sector electricity generating company, Tata Power Company (TPC) on Monday started commercial operations of its 250 megawatt power plant at the Trombay Thermal Power Station in Mumbai.

As a result of the commissioning, the generation capacity of the Trombay plant will be increased to 1,600 MW from 1,350 MW. The plant will operate on imported Indonesian coal. The company believes that the commissioning will help bridge the gap between the ever increasing demand and supply of power.