Reliance Power, Shell to build LNG terminal
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Reliance Power Stock News, Analyst Calls And Reviews
Reliance Power, a part of the Reliance Group, registered a growth of 24% in the consolidated net which remained at Rs 231 crore for the three month period ended March as compared to Rs 187 crore during the same quarter of the previous year, on account of higher capacity utilization and enhanced efficiency from its operating power facilities.
In the fourth quarter of 2011-12, Reliance Power’s total income grew by 9% to Rs 653 crore from Rs 598 crore during the same quarterly period of last year.
For the complete year ended March, Reliance Power’s consolidated net profit rose 14% to Rs 867 crore from Rs 760 crore in the same period of 2011.
Total income for the fourth quarter zoomed 44% to Rs 2,767 crore as against Rs 1,918 crore last year.
During the year, Reliance Power accredited the 1,200 MW Rosa plant in the state of Uttar Pradesh.
The company has inked a purchase power contract with the administration-owned electricity dealer Uttar Pradesh Power Corporation for the same.
Rosa atatined a plant load factor (PLF) of 80.3% and net profit of Rs 335 crore for the complete-year ended March 31, 2012.
JP Chalasani, chief executive officer, Reliance Power, stated, “It will not affect us for now as we are not servicing any foreign loans. The issue will only crop up once the repayment starts, which will be in 2016-2017”.
The stock looks good for medium or long term investment.
The investors can buy the stock on declines.
Reliance Power, Shell to build LNG terminal
