Mumbai April 19 (IANS) Reliance Power on Thursday posted a 16 per cent rise in its net profit for the fourth quarter ending March at Rs 250 crore on account of higher electricity generation.
The company posted a profit of Rs 216 crore in the same quarter of 2016-17 it said in a statement here.
During the quarter in consideration Reliance Power s total income including revenue from operations at Rs 2 400.58 crore however came in lower as compared to Rs 2 596.5 crore earned in the same period a year ago.
For the entire fiscal 2017-18 net profit was lower at Rs 1 034.81 crore as compared to the profit after tax of Rs 1 104.16 crore in the previous year.
Total income for the last fiscal at Rs 10 122.9 crore was also lower as compared to Rs 10 891.7 crore during 2016-17.
The company said its 3 960 MW Sasan Ultra Mega Power Plant (UMPP) in Madhya Pradesh generated 31 793 million units operating at a plant load factor (PLF) of 91.6 per cent the highest among all the 1 000 MW thermal plants in the country.
The Sasan UMPP s captive coal mines produced 18 million tonnes of fuel the highest among the private sector miners in the country the statement said.
The company s 1 200 MW Rosa Power Plant in Uttar Pradesh generated 7 719 million units of electricity operating at a PLF of 73 per cent while the 600 MW Butibori Power Plant in Maharashtra generated 3 307 million units operating at a PLF of 63 per cent.
The statement said the Asian Development Bank has approved $583 million loan for the proposed 750 MW gas-based power plant and liquefied natural gas (LNG) terminal project in Bangladesh.
The Reliance Power stock closed on Thursday at Rs 40 a share up 45 paise or 1.14 per cent over its previous close on the BSE.
--IANS
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