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According to the firm, the current setup restricts operational flexibility and frequently affects the supply of electricity for discoms.

Almost all the key sectors ended the week in the positive, but the markets are surely defying logic

The promoters stated that they remain confident in the company's strategic and financial position to capitalise on the various opportunities.

The total net profit for the fiscal year ended March 31, 2024 was ₹1,656 Crore, up from ₹1,245 Crore the previous year, according to the business.

The plant was inaugurated by Pankaj Jain, Secretary of the Ministry of Petroleum & Natural Gas.

According to a business announcement, net profit increased by 79% to ₹909 Crore in the fourth quarter of FY24, from ₹506 Crore in the same period in FY23.

MEIL gave the company over to MCGDPL in September 2022. MCGDPL is licenced to establish city gas distribution networks in 62 districts across ten states.

Earlier this week, on Monday, the company received a letter of acceptance worth ₹148.26 Crore from SER HQELECTRICAL/South Eastern Railway.

The NTPC group's total installed capacity was 75,958 MW in Q4FY24, compared to 72,254 MW in the same quarter the previous fiscal year.

As of March 2024, the government owned 66.14% of the corporation, while the LIC owned 6.88%. Foreign institutions own 3.13% of the firm.