Dabhol impairment pulls down NTPC Q4 net by 25% to Rs 2,079 crore

Dabhol impairment pulls down NTPC Q4 net by 25% to Rs 2,079 crore

State-run power giant NTPC’s standalone net profit declined by 25.54 per cent to Rs 2079.40 crore in the fourth quarter (Q) ending March 31, 2017, on impairment of investment in Ratnagiri Power plant known as Dabhol project.

NTPC’s impairment loss was of Rs 783 crore in Ratnagiri Gas And Power, which is a joint venture of the company.

Standalone net profit was at Rs 2,792.69 crore in Q4, NTPC said in a BSE filing. Read more

Credits:business-standard.com

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