Reliance Power posts Q2 profit of Rs 236 crore

Anil Dhirubhai Ambani Group-led Reliance Power reported a marginal rise in net profit for July-September quarter at Rs 235.5 crore, up from Rs 234.8 crore posted in the corresponding period last year. HT reports.

Anil Dhirubhai Ambani Group-led Reliance Power reported a marginal rise in net profit for July-September quarter at Rs 235.5 crore, up from Rs 234.8 crore posted in the corresponding period last year.

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Company's total income grew 46% year-on-year to Rs 751 crore in Q2 FY12 from Rs 512 crore.

"Our 600 MW operating plant in Rosa continues to be stable and is operating at a high plant load factor. The projects under construction are progressing satisfactorily and we are well on track to become a 5,000 MW operating company by 2012," said Reliance Power CEO, JP Chalasani.

The firm's project financing capability has enabled it to expand its sources of funding and secure competitive financing from US-EXIM, Chinese and global banks.