A strong rupee and lower coal cost helped JSW Energy post a net profit of Rs 250 crore for the
September quarter against a net loss of Rs 109 crore year-on-year. The
company's management said they had a forex gain of Rs 95 crore during the
quarter. JSW Energy's total income from operations rose 108% Yoyo to Rs 2077
crore.
NK Jain, Vice Chairman of the company said they had a plant
load factor of 89.62% as against 53.73% Yoyo. The company could also produce
9324 million units, up 86% Yoyo. He also said that in order to ensure effective
utilization of their plant during monsoon, the company had entered into a
banking arrangement under which 272 million units have been banked in the
quarter. The banked power will be available for sale till March 2013 in
tranches.
Going forward, the company management said the global
economy continues to witness sluggish growth. With recessionary trends showing
no signs of abetment. However, on a positive note they said that the Indian
power sector showed positive momentum.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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