Adani Power reported a higher consolidated net loss of Rs 619 crore for the third quarter ended December 2012, beaten by higher imported coal prices. In the corresponding quarter last year, the private power producer had a bood consolidated net loss of more than Rs 356 crore. The latest quarterly loss was mainly due to higher imported coal prices and non-availability of transmission line, Adani Power said in a statement. However, the company's consolidated total income for December quarter rose to Rs 1,884 crore from Rs 1,079 crore in the year-ago period. "Our profitability was already impacted mainly by high coal cost due to high cost incidence of imported coal and due to change of law in coal exporting countries. In addition, coal linkage and regular supply from the linkage of Coal India Ltd and its subsidiaries is also a must to ensure smooth power generation at optimal cost at our near 10 GW capacity at three plants," said Prabal Banerji, CFO of Adani Power. The company has already filed a petition with Central Electricity Regulatory Commission (CERC) seeking higher tariffs for power generated from its 4,620 MW Mundra project in Gujarat. The private independent power producer expects to increase its generation capacity from current level of about 5,320 MW to 10,000 MW by the end of 2013. Adani Power chairman Gautam Adani said the domestic outlook for the power sector seems set to improve.
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine
Pls invite me all auction in gujarat
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors.....
pls call +910842559230