Reliance Power's consolidated Q3 net profit up 15%

Power generation and coal resources company Reliance Power on Wednesday reported a surge of 14.52 per cent in its consolidated net profit for the third quarter (Q3) of 2016-17.

According to the company, its consolidated net profit grew to Rs 276 crore in the quarter ended December 31, 2016, from Rs 241 crore in the same period last year.

The company's consolidated total income increased by 16.74 per cent to Rs 2,985 crore from Rs 2,557 crore during the corresponding quarter of last fiscal.

Reliance Power's operating revenues went up by 12.51 per cent at Rs 2,778 crore from Rs 2,469 crore.

The company informed that its Sasan UMPP (Ultra Mega Power Projects) in Madhya Pradesh generated 7,718 million units and operated at availability of 89 per cent.

"The Rosa Power Plant in Uttar Pradesh generated 2,165 million units, operating at availability of 96 per cent. The Butibori Power Plant in Maharashtra, generated 1032 million units, operating at availability of 97 per cent," the company said in a statement.

"The 40 MW Dhursar Solar PV plant in Rajasthan generated 17 million units, operating at availability of 100 per cent. The 45 MW Wind capacity in Vashpet, Maharashtra, generated 8.5 million units, operating at availability of 98 per cent."

"100 MW Concentrated Solar Power (CSP) project at Dhursar, Rajasthan, generated 21 million units, operating at availability of 98 per cent."

The company's scrip at the BSE gained 0.55 per cent per share to Rs 46.05 from its previous close of Rs 45.80 per equity share.

Currently, 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 5,945 megawatts.

--IANS

rv/vt