Reliance Power Q1 net at Rs 61 cr | business | Hindustan Times
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Reliance Power Q1 net at Rs 61 cr

Anil Ambani group firm Reliance Power posted a consolidated net profit of Rs 61.22 crore for the first quarter ended on June 30, 2008.

business Updated: Jul 25, 2008 16:40 IST

Anil Ambani group firm Reliance Power on Friday posted a consolidated net profit of Rs 61.22 crore for the first quarter ended on June 30, 2008.

The consolidated total income stood at Rs 80.55 crore in the latest quarter, Reliance Power said in a filing to the Bombay Stock Exchange.

On a standalone basis, the company reported a profit after tax of Rs 59.70 crore and a total income of Rs 77.67 crore for the June quarter of this fiscal.

Previous year figures were not available as the company got listed on the bourses on May 11, 2007.

The company is currently developing an installed capacity of 28,200 MW, the filing added.

The company's net worth was at Rs 13,598 crore, while the earnings per shares was at Rs 0.26.

Reliance Power is currently developing two power projects -- Rosa Phase I (600 MW) and Sasan UMPP (3,960 MW).

"First unit of Sasan UMPP is expected to be commissioned in December 2011 and the project is expected to be commissioned by March 2013," it said.

The Reserve Bank of India had approved the company to raise $ two billion (about Rs 8500 crore) each of External Commercial Borrowings for both Sasan and Krishnapatnam UMPPs, it added.

Shares of the company were trading at Rs 172.30, down 2.10 per cent in the late afternoon trade on the BSE.