Torrent Power today reported a 45.63 per cent dip in net
profit at Rs 164.37 crore for the second quarter ended September 30, as
compared to Rs 307.97 crore in the corresponding period a year ago.
However, the company's consolidated income from operations
was up by 10.29 per cent at Rs 2,209.58 crore in the second quarter against Rs
2,003.47 crore in the comparable quarter of the previous year.
The company has cited fall in the domestic gas supply from
KG-D6 basin impacting the plant load factor (PLF) of its Sugen mega power plant
and purchase of short-term power at higher price, as the reason behind dip in
the net profit.
Fall in the domestic gas supply from KG-D6 basin has
impacted the PLF, at the company's SUGEN mega power plant, which has reduced to
49.20 per cent in the second quarter ended September against 85.48 per cent in
the comparable quarter the previous year, a company statement said.
Reduced power supply from Sugen to company's regulated
distribution areas at Ahmedabad and Surat has necessitated purchase of
short-term power at higher price, resulting in an additional impact of around
Rs 145 crore, it said.
The company is in the process of setting up new power
projects at Surat, Dahej, and Pipavav and in Uttar Pradesh with a total
capacity of approximately 5,500 MW.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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