Leading private utility Adani Power has
posted consolidated net loss of Rs 810 crore in the first quarter of financial
year 2012-13 as against profit of Rs 181 crore in a year ago period.
In a press conference after Q1 results, Adani Power said the
revenue loss was mainly due to rupee depreciation and also due to
non-availability of linkage coal. The plant load factor toned down to 63% in
the quarter.
Consolidated net sales shot up by 75.7% to Rs 1,502 crore
from Rs 855 crore during the same period.
Other income doubled year-on-year to Rs 52.7 crore from Rs
29 crore. The company has reported a forex loss of Rs 244.2 crore.
Adani Power said the Tiroda and Covai projects were in
advanced stage of construction.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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