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NTPC LTD.

NSE : NTPCBSE : 532555ISIN CODE : INE733E01010Industry : Power Generation/DistributionHouse : PSU
BSE109.90-0.25 (-0.23 %)
PREV CLOSE ( ) 110.15
OPEN PRICE ( ) 109.90
BID PRICE (QTY) 109.75 (2199)
OFFER PRICE (QTY) 109.90 (1786)
VOLUME 12399
TODAY'S LOW / HIGH ( )108.60 110.05
52 WK LOW / HIGH ( )103.9 145.85
NSE110.00-0.1 (-0.09 %)
PREV CLOSE( ) 110.10
OPEN PRICE ( ) 110.00
BID PRICE (QTY) 110.00 (5496)
OFFER PRICE (QTY) 110.10 (986)
VOLUME 10493
TODAY'S LOW / HIGH( ) 110.00 110.00
52 WK LOW / HIGH ( )103.8 145.85
AnalystEmailIdsumit.hizly@narnolia.com
AnalystNameSumit Hizly
BSECode532555
CP1DesignationCMD
CP1NameMr. Gurdeep Singh
CP2DesignationDirector (Finance)
CP2NameMr. A.K. Gautam
CP3DesignationNA
CP3NameNA
CallDate15 Nov 2019
DescriptionDuring 3QFY20, gross generation declined by 13% YoY and 0.7% QoQ to 61.21 Billion Units (BUs). In 9MFY20, it declined by 7% YoY to 191.35 BUs units. The generation loss in coal based plant is due to grid restriction and shortage of fuel supply. Coal produced during the same period is 2.533 MMT (Million Metric Tons) as against 2.376 MMT in 2QFY20. Plant load factor (PLF) for coal during 3QFY20 is 63.48% as against 77.7% in 3QFY19 and 64.28% in 2QFY20. In 3QFY20, Plant Availability Factor (PAF) (DC) for coal is 88.33% as against 85.29% in 3QFY19 and 84.08% in 2QFY20. While PAF for Gas is 98.75% as against 94.94% in 3QFY19 and 93.27% in 2QFY19. PAF for Hydro is 109.05% as against 106.64% in 3QFY19 and 110.08% in 2QFY19. Coal supply during the quarter declined by 1.86% YoY and grew by 22.47% QoQ to ~44 MMT. In 3QFY20, gas consumption declined by ~57% YoY and 20% QoQ to 2.44 MMSCMD. Average Tariff for 9MFY20 is Rs 3.81 kWh. As on 3QFY20, the regulated equity of NTPC is Rs 56,570.8 cr. NTPC has signed a term loan of Rs 5000 cr with State Bank of India. Average cost of borrowing for 9MFY20 is 6.86% vs 6.92% in 9MFY19. It has signed a syndicated facility agreement with consortium of three bank for JPY equivalent $750 Mn with 2 tranches of 11 yrs. term with SBI and Sumitomo Mitsubishi Singapore and Bank of India Tokyo. In 9MFY20, it has incurred capex of Rs 15236 cr vs 17951 cr in the corresponding period. The total group capex for 9MFY20 is Rs 22085 cr. The total capital outlay for the group is estimated at Rs 21000 cr in FY21. As on 3QFY20, the installed capacity for NTPC group is 58156 megawatt (MW) which is a growth of 9.4% from the corresponding quarter. It has signed MOUs with Siemens for generation of green hydrogen renewable energy for electric mobility.
SubjectQ3FY20 EARNING CONFERENCE CALL

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