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Ceylon Electricity Board News

High fuel cost hits NTPC profit
State-run power producer NTPC Ltd on Thursday posted a 6.8 per cent decline in net profit at Rs 2,593.4 crore for the quarter ended March 31, impacted by high fuel costs. It had a net profit of Rs 2,781.8 crore in the same quarter of the previous year. The fuel costs grew by 17.7 per cent to Rs 41,635.5 crore, against Rs 35,373.8 crore in the same quarter last year. Meanwhile, a 25-year tax holiday