Companies

Marginal rise in RPower’s second quarter profit

Reliance Power reported a net profit of Rs.240 crore for the second quarter ended September, 2012 against Rs.235 crore in the corresponding period of the previous year.

Total income went up to Rs.1,181 crore from Rs.751 crore.

Total income included operating revenue of Rs.1,079 crore (Rs.488 crore) and other income of Rs.102 crore (Rs.263 crore).

“We continued our robust financial performance in the second quarter as revenue from operating assets grew 121 per cent to Rs.1,079 crore. The company also made rapid strides in developing the 3,960-MW Sasan ultra mega power project with the successful light-up of the boiler of the first 660-MW super-critical unit. Coal production from the associated coal mines has also started, and the project is all set to be commissioned in the coming weeks,” said J. P. Chalasani, Chief Executive Officer, Reliance Power.

During the quarter, the 1,200-MW Rosa Power Plant in Uttat Pradesh generated 1,655 million units (MUs) as against 1,004 MUs in the previous year.

Mr. Chalasani said civil works were in full swing for the 100-MW Concentrated Solar Power (CSP) project in Dhursar, Rajasthan, and the project was expected to be commissioned by May 2013. The 45-MW wind power project in Maharashtra was in its final stages of implementation, and was expected to be commissioned by the end of this year, he added.

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Printable version | Apr 14, 2021 8:40:59 PM | https://www.thehindu.com/business/companies/marginal-rise-in-rpowers-second-quarter-profit/article4067997.ece

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