The consolidated net loss of Adani Power rose to Rs 619 crore during Oct-Dec 2012 from Rs 356.3 crore in the year-ago period because of higher imported coal prices and lack of transmission lines.
Consolidated total income increased by 75 per cent to Rs 1,884 crore against Rs 1,079 crore in the year-ago period.
During the quarter, the company sold 5,957 million units of power compared to 3,037 million units in the previous year period. Adani Power Maharashtra signed a fuel-supply agreement for 2.3 million tonne (mn t) with the South Eastern Coalfields (SECL) for the Tiroda plant in the state.
The company now has agreements for a total of 9 mn t of coal for its Mundra (Gujarat) and Tiroda projects. On standalone basis, the total income for the quarter rose by 59 per cent to Rs 1,688 crore (Rs 1,060 crore), while net standalone loss stood at Rs 507 crore (Rs 358 crore).
The company expects that the recent government measures like coal-pooling mechanism, debt restructuring of state electricity boards and rail links for coal evacuation have improved the outlook for the country’s power sector.
These steps are a clear indication of the importance attached to this vital sector and boost for more investment under the 12th five year plan, Chairman Gautam Adani said in a statement.
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