RPower web revenue declines 57 per cent to Rs 49 crore in Dec quarter, Power Information, ET EnergyWorld

RPower web revenue declines 57 per cent to Rs 49 crore in Dec quarter, Power Information, ET EnergyWorld

New Delhi: Reliance Power (RPower) on Friday stated its consolidated web revenue has dipped over 57 per cent to Rs 49.39 crore within the December

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RPower net profit declines 57 per cent to Rs 49 crore in Dec quarter New Delhi: Reliance Power (RPower) on Friday stated its consolidated web revenue has dipped over 57 per cent to Rs 49.39 crore within the December 2019 quarter, primarily because of decrease revenue.

The corporate’s consolidated web revenue had stood at Rs 116.44 crore within the corresponding quarter of the earlier monetary yr, in response to a BSE submitting.

Its revenue got here all the way down to Rs 1,897.93 crore in third quarter of 2019-20, from Rs 2,098.82 crore a yr in the past.

Within the April-December 2019 interval, the agency’s consolidated web revenue stood at Rs 130.66 crore, in contrast with Rs 451.30 crore within the year-ago interval. Its consolidated web loss was Rs 2,951.82 crore in 2018-19.

The corporate stated its 5,760 megawatts of thermal capability generated 9,311 million models of electrical energy, at PLF (plant load issue or capability utilisation) of 73 per cent, within the quarter.

Through the quarter, the Sasan Ultra Mega Power Project in Madhya Pradesh generated 8,646 million models of electrical energy working at a PLF of 99 per cent.

The corporate has one of many largest portfolio of energy tasks within the personal sector, primarily based on coal, fuel, hydro and renewable power, with an working portfolio of 5,945 megawatts.

It stated, “The group (RPower, its subsidiaries and associates) is assured of assembly its obligations by producing ample and well timed money flows by time-bound monetisation of gas-based energy plant gear and different belongings of sure subsidiaries, as additionally realise the quantity from ongoing regulatory/ arbitration claims.”

The agency added that contemplating the dependence on these unsure occasions and realisation of belongings, the group is assured that such money flows would allow it to service its debt and discharge its liabilities within the regular course of its enterprise. “Accordingly, the consolidated financial results of the group have been ready on a going concern foundation.”

Apart from monetary outcomes, its board has permitted appointment of Sandeep Khosla as the corporate’s chief monetary officer (CFO) with impact from April 1, 2020, instead of Shrenik Vaishnav, who will stop from the workplace of CFO from shut of enterprise hours of March 31, 2020.



https://energy.economictimes.indiatimes.com

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