1. Reliance Power Q1 net shoots 41% to Rs 344 cr

Reliance Power Q1 net shoots 41% to Rs 344 cr

Anil Ambani-promoted Reliance Power on Monday announced a consolidated net profit of Rs 344.3 crore for the quarter ended June 30.

By: | New Delhi | Published: August 12, 2015 12:28 AM

Anil Ambani-promoted Reliance Power on Monday announced a consolidated net profit of Rs 344.3 crore for the quarter ended June 30.

The first quarter net profit was 41% higher than Rs 244.4 crore in the corresponding period a year ago.

As per the filing in the Bombay Stock Exchange, the jump in profit is attributable to higher sale of power.

Total income for the company rose to Rs 2,767.9 crore for the quarter, up 57% compared to Rs 1,753 crore a year ago.

The 4,000 MW Sasan ultra mega power plant (UMPP) in Madhya Pradesh generated 6,948 million units as it reached an availability of 100% in the first quarter of its full operations, the company that has a portfolio of nearly 6,000 MW of generating capacity said.

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