Reliance Power Q2 net profit up Rs 240 cr
The entity had a net profit of Rs 235 crore in the second quarter of last fiscal.
Total income of the company rose to Rs 1,181 crore in the 2012 September quarter from Rs 751 crore in the same period a year ago, Reliance Power said in a statement. "We continue our robust financial performance in the second quarter of FY 2012-13 as revenue from operating assets grew 121 per cent to Rs 1,079 crore," Reliance Power Chief Executive Officer J P Chalasani said.
The 40 MW Dhursar solar PV plant in Rajasthan generated a record 13.8 million units in the latest quarter, resulting in a net profit of Rs 6.6 crore.
"The company also made rapid strides in the development of the 3,960 MW Sasan Ultra Mega Power Project with the successful light-up of the boiler of the first 660 MW supercritical unit. Coal production from the associated coal mines has also started and the project is all set to be commissioned in the coming weeks," Chalasani said.
According to the statement, coal production has commenced from the Sasan coal mines.
The Moher and Moher Amlori Extn mines, with a capacity of 20 Million tonnes per year, would be India's largest coal mine, it added.
Further, boiler light-up has been achieved for the second 300 MW unit of
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