Reliance Power’s Q1 operating revenues up 300 percent
August 11th, 2011 - 4:55 pm ICT by IANSNew Delhi, Aug 11 (IANS) Reliance Power, part of the Anil Dhirubhai Ambani Group (ADAG), Thursday said its operating revenues had increased by a whopping 300 percent at Rs.541.80 crore as compared to Rs.139.33 crore in the like period of 2010-11.
The company in a regulatory filing at the Bombay Stock Exchange (BSE) said its total income in the quarter under review increased by 72 percent at Rs.689 crore as against Rs.401.18 crore in the first quarter of the last fiscal.
During the quarter, it received the approval for setting up the 3,960 MW Krishnapatnam ultra-mega power project.
“The approval of Krishnapatnam ultra-mega power project for carbon credits from United Nations Framework for Carbon Credits (UNFCC) makes the company the power utility with the largest number of CERS,” said the company.
Reliance Power has now 12.3 million certified emission reductions (CERs) or carbon credits.
The company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) from generating assets increased by 245 percent in the quarter under review to Rs.208 crore.
- Reliance Power's Tilaiya project gets approval for carbon credits - Oct 03, 2011
- Reliance Power's second quarter operating revenue up 189 percent - Nov 08, 2011
- Reliance Power total income rises 124 percent in 2011-12 - May 27, 2011
- Tamil Nadu, Andhra Pradesh may get ultra-mega power plants - Aug 15, 2011
- Reliance Power total income doubles in third quarter - Feb 14, 2011
- Reliance Power quarterly net profit rises 42 percent - Feb 13, 2012
- Two Anil Ambani group firms propose $11 bn merger deal - Jul 04, 2010
- Reliance Power concludes India's largest fundraiser - Sep 28, 2010
- Ambani seeks higher power tariff to ensure industry's health - Sep 04, 2012
- Reliance Infra's Q2 operating revenue up 44 percent - Nov 08, 2011
- Bajaj Auto's first quarter net up one percent - Jul 18, 2012
- Reliance Comm posts Rs.157 crore Q1 profit - Aug 13, 2011
- Reliance Communications posts Rs.332 crore net profit - May 28, 2012
- Bajaj Auto's fourth quarter net profit down 45 percent - May 17, 2012
- Reliance Communications quarterly revenue rises at Rs.5,052 crore - Feb 10, 2012
Tags: amortization, anil dhirubhai ambani group, assets, bombay stock exchange, bse, carbon credits, cers, crore, depreciation, earnings, ebitda, emission reductions, first quarter, mega power, New Delhi, reliance power, united nations