NTPC Exceeds Capex Target
NTPC, the largest power utility in the country, exceeded its capex (capital expenditure) target of Rs. 22,400 crore and recorded Rs.23,239 crore for the year ended March 31, 2015. “Achieving such a huge capex targets is, in itself, a herculean task; exceeding these huge targets for two successive financial years has been an extraordinary achievement of the company. The capex of the company has doubled in the past five years. This should further strengthen shareholders confidence in the ability of team NTPC to achieve its ambitious targets, said Mr.Arup Roy Choudhury, Chairman and Managing Director, NTPC, in a letter to shareholders in the annual report 2014-15.