Reliance Power Posts 32% Fall In Q1 Profit

Reliance Power Posts 32% Fall In Q1 Profit

Reliance Power on Monday posted a 32% drop in fiscal first-quarter net profit, as operating income declined and finance cost increased.

Profit fell to Rs 231 crore in the quarter through June from Rs 340 crore a year earlier, the company, part of the Anil Ambani-led Reliance Group, said.

Total income was almost flat at Rs 2,752 crore, compared with Rs 2,749 crore in the first quarter of the previous fiscal year. Operating income fell to Rs 2,635 crore from Rs 2,679 crore.

Reliance Power’s Sasan Ultra Mega Power Project generated 7,531 million units in the past quarter, operating at an availability of 89%. Its Rosa Power Plant in Uttar Pradesh and 40 mw Dhursar Solar project in Rajasthan operated at 100%.

Among other facilities, the Butibori Power Plant in Maharashtra operated at 76%, the 45 mw wind capacity in Vashpet in Maharashtra at 95% and the 100 mw Concentrated Solar Power project at Dhursar at 99%, the company said. Read More…



Credit By: ET Energy World

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