Reliance Power Limited, a Reliance Group company, on Saturday posted a net profit of Rs 273 crore for the second quarter (July-September) of 2017-18, a company statement said here.
The company had posted a net profit of Rs 272 crore for the corresponding quarter in 2016-17.
The total income of the company stood at Rs 2,380 crore for the second quarter of 2017-18.
During the quarter, the Sasan UMPP in Madhya Pradesh generated 7,635 million units, operating at 87 per cent availability. Its captive coal mines produced 4.5 million tonnes of coal.
"Despite higher generation compared to that in the corresponding quarter, revenues are lower on account of reduction in coal cost per ton by nearly 55 per cent, which also sharply enhanced merit order position of Sasan UMPP and lowered the per unit tariff for procurers," the company statement said.
The company's Rosa Power Plant in Uttar Pradesh generated 1,844 million units during the third quarter.
--IANS
ag/vm
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app