Reliance Power Q4 net up 16% at Rs 320 cr

Total income increased from Rs 7,202 cr for year ended March 31, 2015 to Rs 11,038.50 cr for year ended March 31, 2016

Reliance Power Friday reported 15.8% rise in consolidated net profit at Rs 320.16 crore for the fourth quarter ended March 31, 2015-16 on the back of higher power generation.

It had posted net profit of Rs 276.47 crore in the January-March quarter of 2014-15, Reliance Group company said in a filing to BSE.

Its income from operations of company during the quarter increased to Rs 2,604.85 crore, as against Rs 1,635.61 crore in the year-ago period.

The Anil Ambani group firm posted a net profit after taxes, minority interest and share of profit of associates of Rs 1,361.94 crore for the entire 2015-16 fiscal as compared to Rs 1,028.32 crore for the year ended March 31, 2015.

Total income increased from Rs 7,202 crore for the year ended March 31, 2015 to Rs 11,038.50 crore for the year ended March 31, 2016.

In a press statement, R-Power said the 3,960 MW Sasan UMPP in Madhya Pradesh generated 31,261 million units operating at availability of 90 per cent.

The captive coal mines of Sasan UMPP produced 17.02 million tonnes of coal.

The company said its 1,200 MW Rosa power plant in Uttar Pradesh generated 7,060 million units operating at availability of 93 per cent.

"The 600 MW Butibori Power Plant in Maharashtra generated 4,022 million units operating at availability of 97%," the statement said.

The 40 MW Dhursar solar PV plant in Rajasthan generated 68 million units operating at availability of 99% and 45 MW wind capacity in Vashpet, Maharashtra, generated 79.3 million units operating at availability of 97%, it said.

The 100 MW Concentrated Solar Power project in Dhursar, Rajasthan, achieved peak load of 111 MW during the year.

Reliance Power Ltd has the largest portfolio of power projects in the private sector based on coal, gas, hydro and renewable energy, with 5,945 MW in operation.

The company stock closed at Rs 52.15 a piece, up 7.30%, on BSE.