NTPC Q3 results

NTPC clocks marginal growth in Q3 profita: Power major, NTPC, has clocked a marginal increase of 0.25% in its net profit for the third quarter (Q3) ended December 31, 2010 at Rs 2,371.48 crore, as compared to Rs 2,364.98 crore recorded in the corresponding period of 2009-10.
 --Total income of the utility however increased by 18.43% -- from Rs 11,961.31 crore for the Q3 of last fiscal to Rs 14,165.90 crore this year.
 --The power firm will pay an interim dividend to the Government at the rate of 30% (Rs 3 per share) on the face value of paid-up equity shares of Rs 10, each, for the financial year 2010-11 on February 14, 2011.
 --NTPC has an installed capacity of 33,194 MW and plans to ramp up its capacity to 75,000 MW by the year 2017 primarily through the regulated tariff route.
 8NTPC winds up PPDCL: NTPC, today, announced that with the Registrar of Companies striking off the name of Pipavav Power Development Company Limited (PPDCL) from its records, under Section 560 of the Companies Act, 1956, the subsidiary stands dissolved.
 --This company was floated by NTPC, Gujarat Power Corporation Limited (GPCL) and Gujarat Electricity Board as a joint venture company on February 20, 2004, for execution of the 1,000 MW Pipavav thermal power project (TPP).
 --However, NTPC had subsequently decided to separate itself from the project following the state government`s refusal to honor the joint venture agreement signed between the two state-run enterprises.