Apeejay Surrendra Park Hotels Ltd on Monday reported a 46 per cent rise in consolidated net profit to Rs 27.42 crore in the third quarter ended December 31, 2023.
The company had posted a consolidated net profit of Rs 18.77 crore in the same quarter last fiscal, the newly-listed firm said in a regulatory filing.
Total income during the quarter under review stood at Rs 163.61 crore as against Rs 142.64 crore in the year-ago period.
Total expenses in the quarter were higher at Rs 102.99 crore as compared to Rs 89.74 crore in the same period a year ago, the company said.
This is the first earnings statement by the company which runs hotels under brands, including the Park, Park Collection, Zone by The Park, and Zone Connect by The Park, after its listing on bourses in February.

The company had posted a consolidated net profit of Rs 18.77 crore in the same quarter last fiscal, the newly-listed firm said in a regulatory filing

Its net interest income rose by 24.4 per cent Y-o-Y to Rs 548.5 crore in Q3, up from Rs 440.8 crore in Q3 FY23

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State-run power giant NTPC and its arm NTPC Green Energy signed two separate initial pacts to explore the possibility of developing supercritical thermal plants and renewables as well as green hydrogen in Rajasthan.
The MoU between NTPC and Rajasthan Rajya Vidyut Utpadan Nigam was signed to explore opportunities for adding supercritical units to the existing Chhabra Thermal Power Plant, a company statement said.
Additionally, the Parties aim to implement measures to enhance efficiency and reduce the generation cost of the plant's existing units.
Furthermore, the MoU also includes the undertaking of 15 to 20-year annuity-based Renovation and Modernization (R&M) of old thermal units of RVUNL by NTPC or its affiliates.
The MoU between NGEL ( NTPC Green Energy) and RVUNL was signed for development of Renewable Energy Projects and Green Hydrogen Derivatives up to 25 GW and 1 million Ton capacities respectively in the State of Rajasthan.

NTPC

The MoU between NTPC and Rajasthan Rajya Vidyut Utpadan Nigam was signed to explore opportunities for adding supercritical units to the existing Chhabra Thermal Power Plant, a company statement said

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A subsidiary of state-owned power producer SJVN, SJVN Green Energy, has entered into a long term pact to supply 600 MW solar electricity to Rajasthan.
The Power Usage Agreement is for 500 MW Solar Power from Bikaner Solar Power Project and the Power Purchase Agreement (PPA) is for 100 MW Solar Power from Rajasthan Solar Power Project, both for a period of 25 years, a power ministry statement said.
According to the statement SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN, has signed a Long Term Power Usage Agreement (PUA) for 500 MW Solar Power and a Long Term Power Purchase Agreement (PPA) for 100 MW Solar Power, with Rajasthan Urja Vikas and IT Services Limited (RUVITL) in Jaipur on March 10, 2024.
Under the Agreement, SGEL would supply 500 MW of power at a tariff of Rs. 2.57 per unit, from the 1,000 MW Bikaner Solar Power Project being developed by SGEL under Phase-II (Tranche-3) of the Central Public Sector Units Scheme.
This project is the country's largest

SJVN

The project is being developed at a cost of Rs 5,491 Crores and is expected to be commissioned by September 30, 2024

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