Reliance Power Q4 net profit flat at Rs 269 crore

Tags: News
Reliance Power today reported an almost flat growth in net profit at Rs 269 crore for the quarter ended March 31, 2014.

The company had posted a profit after tax of Rs 266 crore for the quarter ended March 31, 2013, Reliance Power said in a statement.

Total Income of the company increased from Rs 1,264.89 crore for the quarter ended March 31, 2013 to Rs 1,399.55 crore during the quarter ended March 31, 2014.

The company's annual net profit stood at Rs 1,027 crore as against a net profit of Rs 1,011 crore during the last fiscal (2012-13), Reliance Power said in a statement.

Total income of the company increased to Rs 5,546 crore, during the period, from Rs 5,284 crore in the corresponding period last fiscal (2012-13).

The company's Rosa power plant in Uttar Pradesh generated 8.15 billion units.

The company also said the three units of 660-MW power capacity have been commissioned at the Sasan Ultra Mega Power Plant, in Madhya Pradesh, taking the capacity of the plant to 1,980 MW.

The other three units of the plant will be commissioned in the current year.

The 20 million tonnes per annum Sasan Coal mines is already operational, the statement said.

The 600-MW Butibori power plant is now fully operational and supply has commenced to R-Infra Mumbai distribution licensee under 25 years long term PPA approved by MERC.

Shares of the company closed at Rs 85.90, up 9.85 per cent on the BSE.

EDITORIAL OF THE DAY

  • Reserve Bank must be commended for holding policy rate

    The Reserve Bank of India has been prudent in retaining repo rate at 7.25 per cent.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Roopen Roy

Smart idea? Tweak and implement

India is at the cusp of a startup boom. We ...

Rajgopal Nidamboor

Be mindful and you can beat the odds

It is as obvious as apparent can be. When our ...

Dharmendra Khandal

Go spot a gecko

Iam sure you must have read about how a lizard ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture