Reliance Power total income doubles in third quarter
February 14th, 2011 - 3:14 pm ICT by IANSNew Delhi, Feb 14 (IANS) Reliance Power Monday reported a 98 percent increase in total income at Rs.355.13 crore ($79.3 million) for the quarter ended Dec 31 and said its net profit has risen 7.5 percent at Rs.143.61 crore ($32.1 million).In a regulatory filing with bourses, the company also said it has signed a pact with the Indonesian government for developing coal mines and associated logistics for long-term supplies to its large power plant at Krishnapatnam in Andhra Pradesh.
The shares of the company, a part of the Anil Dhirubhai Ambani Group, were ruling at Rs.117.64 soon after the regulatory filing, up 2.44 percent, or Rs.2.80, over the previous close on the Bombay Stock Exchange.
The other highlights of the filing are:
-The 4,000 MW Sasan ultra-power project is largest in the world for carbon credits
-Value of carbon credits for Sasan project valued at Rs.2,000 crore for 10-year period
-The 600 MW Phase I of Rosa project in Uttar Pradesh operating at full capacity
-The 2,400 MW Samalkot project, largest globally based on gas, to be up by year-end
-Coal-based power projects of over 20,000 MW progressing as planned
- Reliance Power total income rises 124 percent in 2011-12 - May 27, 2011
- Reliance Power quarterly net profit rises 42 percent - Feb 13, 2012
- Reliance Power's Q1 operating revenues up 300 percent - Aug 11, 2011
- Reliance Power's second quarter operating revenue up 189 percent - Nov 08, 2011
- Tamil Nadu, Andhra Pradesh may get ultra-mega power plants - Aug 15, 2011
- Reliance Power concludes India's largest fundraiser - Sep 28, 2010
- Reliance Infra transfers 433 MW capacity to Reliance Power - May 28, 2010
- NTPC to set up 2,640 MW coal-based power project in Punjab - Oct 08, 2010
- CESC's Haldia thermal power project by 2013-14 - Jul 29, 2011
- Reliance Power buys Jharkhand's Tilaiya firm - Aug 07, 2009
- Reliance Power places $10-bn equipment order for 32,000 MW - Oct 28, 2010
- Reliance Power to raise capacity to 5,000 MW in 24 months - Sep 28, 2010
- GVK Energy to set up two thermal power plants in Andhra - Jan 13, 2012
- Reliance Power's Tilaiya project gets approval for carbon credits - Oct 03, 2011
- Northeast to generate 5,000 MW more in next few years - Jul 07, 2011
Tags: 1 million, andhra pradesh, anil dhirubhai ambani group, bombay stock exchange, bourses, carbon credits, coal mines, feb 14, indonesian government, logistics, net profit, New Delhi, pact, power plant, power projects, reliance power, year end