Reliance Power, the energy arm of the Anil Dhirubhai Ambani Group, posted a net profit of Rs 204 crore during the third quarter- a rise of 42 percent year-on-year as most of its projects are running efficiently and the upcoming projects are ahead of schedule.
Apart from financial profit, Reliance Power's operational performance has also been commendable and by the end of financial year 2012, RPower's total capacity is expected to be around 2,500-3,000 megawatts.
P Chalasani, chief executive officer of Reliance Power,attributed the company's strong performance to the 600 MW Rosa unit, which will be fully operational by March.
"Our 600 MW Rosa plant continues to run at high operational efficiency and financial profitability. The third 300 MW unit at Rosa has been successfully commissioned three months ahead of the schedule. The entire plant will be fully operational by March," Reliance Power chief executive JP Chalasani said while announcing the quarterly numbers.
"We are well on track to achieve 5,000 megawatts target by December 2012," he added.
Chalasani says Rosa plant's load factor (PLF) is 76 percent and that it will generates one billion units in this quarter. He also pointed out that unlike their peers they have adequate stock and permissions to import coal from Indonesia if necessary for the next quarter as well. Therefore, Rosa would not have any issue with respect to this year and the next year as well.
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Updated Date: Dec 20, 2014 06:30 AM