Adani Power on Thursday posted a consolidated web revenue of Rs 13.13 crore within the March 2021 quarter, primarily on account of upper revenues.
The firm had posted a consolidated web lack of Rs 1,312.86 crore within the quarter ended March 31, 2020, a BSE submitting mentioned.
Total earnings of the corporate rose to Rs 6,902.01 crore within the quarter from Rs 6,327.57 crore in the identical interval a yr in the past.
For all the fiscal yr (2020-21), the corporate’s consolidated web revenue stood at Rs 1,269.98 crore. It had reported a lack of Rs 2,274.77 crore in 2019-20.
Total earnings in 2020-21 got here in at Rs 28,149,68 crore as in comparison with Rs 27,841.81 crore in 2019-20.
During fourth quarter of 2020-21, Adani Power, together with the facility vegetation of its subsidiaries achieved an Average Plant Load Factor (PLF or capability utilisation) of 59.6 pe cent, and combination gross sales volumes of 14.8 Billion Units (BU).
In comparability, throughout the fourth quarter of 2019-20, Adani Power and its subsidiaries achieved a mean PLF of 65.5 per cent and gross sales quantity of 16.5 BU.
Operating efficiency was affected because of decrease service provider gross sales and grid backdown in varied vegetation, in addition to reserve, shutdown at Udupi because of greater penetration of renewables, the corporate mentioned.
The decline in PLF was offset partially by greater service provider gross sales at Raipur and Raigarh, and better grid demand at Kawai, it added.
Gautam Adani, Chairman, Adani Group, mentioned within the assertion, “India is facing a renewed challenge in the form of a sudden surge of the COVID-19 pandemic. The Adani Group stands shoulder-to-shoulder with the nation in facing and surmounting this challenge.”
“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, mentioned, “As India’s largest private sector power producer, Adani Power Ltd. is committed to fulfilling the demand for reliable and cost-effective electricity for diverse needs, from farms to metro railways, factories to hospitals, and malls to households.”
“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.
In the approaching 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 additional mentioned.
Adani Power (APL), part of the diversified Adani Group, is the biggest personal thermal energy producer in India.
The firm has an put in thermal energy capability of 12,410 MW unfold throughout six energy vegetation in Gujarat, Maharashtra, Karnataka, Rajasthan and Chhattisgarh, aside from a 40 MW solar energy plant in Gujarat.
