Adani Power registers profits after a disappointing loss-making quarter last year
Total income of the company rose to ₹6,902.01 crore in the quarter from ₹6,327.57 crore in the same period a year ago.
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For the entire fiscal year (2020-21), the company's consolidated net profit stood at ₹1,269.98 crore. It had reported a loss of ₹2,274.77 crore in 2019-20.
AdvertisementTotal income in 2020-21 came in at ₹28,149,68 crore as compared to ₹27,841.81 crore in 2019-20.
During fourth quarter of 2020-21, Adani Power, along with the power plants of its subsidiaries achieved an Average Plant Load Factor (PLF or capacity utilisation) of 59.6 pe cent, and aggregate sales volumes of 14.8 Billion Units (BU).
In comparison, during the fourth quarter of 2019-20, Adani Power and its subsidiaries achieved an average PLF of 65.5 per cent and sales volume of 16.5 BU.
Operating performance was affected due to lower merchant sales and grid backdown in various plants, as well as reserve, shutdown at
The decline in PLF was offset partially by higher merchant sales at Raipur and Raigarh, and higher grid demand at Kawai, it added.
Advertisement"We are expending all efforts to help India recover quickly and resume on its path to progress and prosperity for all. The Adani Group remains committed to sustainable growth of energy infrastructure and becoming a key contributor to the nation's economic progress," he added.
Anil Sardana, Managing Director, Adani Power, said, "As India's largest private sector power producer,
"We have taken a pledge to serve our customers with uninterrupted supply of power, while ensuring that precautions to curb the spread of COVID-19 pandemic are followed strictly in all our establishments," Sardana added.
AdvertisementIn the coming years, "we will continue to tap promising business opportunities, while striving to improve our operating efficiencies on all parameters and leveraging our deep experience as well as complementarity with the Adani Group's energy portfolio, to bring about sustainable and profitable growth", he further said.
Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India.
The company has an installed thermal power capacity of 12,410 MW spread across six power plants in Gujarat, Maharashtra, Karnataka, Rajasthan and Chhattisgarh, apart from a 40 MW solar power plant in Gujarat.
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