Thane Belapur Road, Koperkhairane Navi Mumbai - 400 710, India Phone: +91 22 303 86600
Fax : +91 22 303 86999www.reliancepower.co.in
TOTAL INCOME OF 1,181 CRORE (US$ 224 MILLION) - AN INCREASE OF 57% OPERATING REVENUES OF 1,079 CRORE (US$ 205 MILLION) - AN INCREASE OF 121% EBITDA OF 393 CRORE (US$ 75 MILLION) - AN INCREASE OF 227% NET PROFIT OF 240 CRORE (US$ 46 MILLION) 1,200 MW ROSA PLANT IN UTTAR PRADESH GENERATED 1,655 MILLION UNITS - AN INCREASE OF 65% 40 MW SOLAR PV PLANT IN RAJASTHAN GENERATED RECORD 13.8 MILLION UNITS RAPID STRIDES IN CONSTRUCTION OF 3,960 MW SASAN UMPP- COAL PRODUCTION COMMENCED IN RECORD TIME AT THE 20 MTPA SASAN COAL MINES BOILER LIGHT UP OF FIRST UNIT SUCCESSFULLY ACCOMPLISHED SET TO BE COMMISSIONED IN THE NEXT FEW WEEKS - FIVE MONTHS AHEAD OF SCHEDULE FIRST 300 MW UNIT OF BUTIBORI PROJECT SYNCHRONIZED BOILER LIGHT UP ACHIEVED FOR SECOND 300 MW UNIT SET TO BE COMMISSIONED IN THE NEXT FEW WEEKS STEADY PROGRESS IN RENEWABLE PROJECTS 100 MW SOLAR CSP PROJECT IN RAJASTHAN- SET TO BE COMMISSIONED AS PER SCHEDULE BY Q1 FY14Registered Office: H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai- 400 710
Mumbai, November 05, 2012: Reliance Power Limited, a Reliance Group company, today announced its un-audited financial results for the quarter ended September 30, 2012. The company's Board of Directors approved the financial results at its meeting here today. Performance highlights include:Q2 FY12-13 | Q2 FY11-12 | |
Operating Revenues | 1,079 crore (US$ 205 million) | 488 crore (US$ 93 million) |
Other Income | 102 crore (US$ 19 million) | 263 crore (US$ 50 million) |
Total Income | 1,181 crore (US$ 224 million) | 751 crore (US$ 142 million) |
Net Profit | 240 crore (US$ 46 million) | 235 crore (US$ 45 million) |
Announcing the results, J.P. Chalasani, the Chief Executive Officer of Reliance Power, said: "We continue our robust financial performance in the second quarter of FY2012-13 as revenue from operating assets grew 121 % to Rs 1,079 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".
Q2 HIGHLIGHTS
Operating Capacity
1,200 MW Rosa Power Plant in UP generated 1,655 million units
(MUs) in this quarter (as against 1,004 MUs the previous
year).
Operating revenues more than doubled to 1,079 crore (from 488
crore the previous year). The first 300 MW unit of the
Butibori project has been synchronised and is ready for full
load operations.
The 40 MW Dhursar solar PV plant in Rajasthan generated a
record 13.8 million units in this
quarter which resulted in a net profit of 6.6 crore.
Registered Office: H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai- 400 710
Capacities under Construction:
Major construction milestones continue to be achieved - with
the boiler light-up of the first 660
MW, supercritical unit - for the 3960 MW Sasan UMPP and the
project is on track to be commissioned five months ahead of
schedule.
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, will be India's largest coal mine.
Boiler light-up achieved for the second 300 MW unit of the
600 MW Butibori project in Maharashtra. The project is
expected to be fully commissioned by the end of this
year.
Civil works is in full swing for the 100 MW Concentrated
Solar Power (CSP) project in
Dhursar, Rajasthan and the project is expected to be
commissioned by May 2013.
The 45 MW wind project in Maharashtra is in its final stages
of implementation and the project is expected to be
commissioned by the end of this year.
About Reliance Power Limited
Reliance Power Limited, a part of Reliance Group, is India's leading private sector power generation company. The company has the largest portfolio of power projects in the private sector based on coal, gas, hydro and renewable energy, with an operating portfolio of 1,540 MW. The company also has the largest captive coal reserves in the private sector, estimated at more than two billion tonnes. Besides, the company has purchased three coal mines in Indonesia and also has plans to develop coal bed methane based generation capacity.
For further information, contact:
Nagraj Rao +91 9323342576
Daljeet Singh +91 9312014099
Registered Office: H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai- 400 710
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