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Reliance Power posts Rs106 cr Q3 profit

Reliance Power posts Rs106 cr Q3 profit
PTI
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First Published: Thu, Jan 22 2009. 05 04 PM IST
Updated: Thu, Jan 22 2009. 05 04 PM IST
Mumbai: Anil Ambani group firm Reliance Power has posted a net profit of Rs106 crore for the third quarter ended 31 December, 2008.
The quarterly results are not comparable since the company was listed in February last year only.
In a filing to the Bombay Stock Exchange, the firm on Thursday said it had a total income of Rs131 crore for the third quarter.
It said the construction work for the 600MW Rosa Phase I project in Shahjahanpur in Uttar Pradesh is expected to be commissioned ahead of schedule.
The construction work is “progressing at a fast pace and the project is expected to be commissioned six months ahead of its scheduled date of June 2010,” the filing noted.
Further, the company said that the commissioning schedule of Sasan project has been advanced by three years from the 2016 to 2013.
“Sasan UMPP is in advanced stages of achieving financial closure and has already obtained sanctions for most of the debt required for the project,” the filing added.
Shares of Reliance Power closed at Rs98.70, down 1.64% on the Bombay Stock Exchange.
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First Published: Thu, Jan 22 2009. 05 04 PM IST