NTPC coal despatch rises 55%, output grows nearly 50% in FY24

NTPC Limited, India's largest power generating company, reported significant growth in coal despatch and power generation during the financial year 2023-24 (FY24), which ended on March 31, 2024. The state-owned enterprise announced that it had achieved a 55 percent increase in coal despatch from its mines compared to the previous fiscal year. This translates to an approximate increase of around 11 million tonnes (MT) of coal being transported to the company's power plants.

Moreover, the company's power generation witnessed a nearly 50 percent expansion, with an increase of approximately 33,000 million units (MUs) compared to the previous fiscal year. This growth can be attributed to the higher availability of coal due to the increased despatch, as well as the improved operational efficiency of the power plants.

The substantial increase in coal despatch and power generation can be attributed to several factors, including the government's push for self-sufficiency in coal production, the strategic allocation of coal mines to NTPC, and the company's focus on enhancing its mining capabilities. The company's efforts to optimize logistics, reduce transportation costs, and improve the efficiency of its mining operations have also contributed to these impressive figures.

In conclusion, NTPC's FY24 results demonstrate the company's successful execution of its strategic initiatives aimed at increasing coal production, reducing dependence on external sources, and improving operational efficiency. These achievements are expected to contribute significantly to the company's financial performance and its role as a key player in India's power sector.