OREANDA-NEWS. November 13, 2012. Reliance Power Limited, a Reliance Group company, announced its un-audited financial results for the quarter ended September 30, 2012. The company’s Board of Directors approved the financial results at its meeting here today.

Performance highlights include:

Q2 FY12-13

Q2 FY11-12

Operating Revenues

1,079 crore (USD 205 million)

488 crore (USD 93 million)

Other Income

102 crore (USD 19 million)

263 crore (USD 50 million)

Total Income

1,181 crore (USD 224 million)

751 crore (USD 142 million)

Net Profit

240 crore (USD 46 million)

235 crore (USD 45 million)

Announcing the results, J.P. Chalasani, the Chief Executive Officer of Reliance Power, said: “We continue our robust financial performance in the second quarter of FY2012-13 as revenue from operating assets grew 121 % to Rs 1,079 crore. The company also made rapid strides in the development of the 3,960 MW Sasan Ultra Mega Power Project with the successful light-up of the boiler of the first 660 MW, supercritical unit. Coal production from the associated coal mines has also started and the project is all set to be commissioned in the coming weeks”.

Q2 HIGHLIGHTS

Operating Capacity

• 1,200 MW Rosa Power Plant in UP generated 1,655 million units (MUs) in this quarter (as against 1,004 MUs the previous year).

• Operating revenues more than doubled to 1,079 crore (from 488 crore the previous year).

• The first 300 MW unit of the Butibori project has been synchronised and is ready for full load operations.

• The 40 MW Dhursar solar PV plant in Rajasthan generated a record 13.8 million units in this quarter which resulted in a net profit of 6.6 crore.

Capacities under Construction:

• Major construction milestones continue to be achieved - with the boiler light-up of the first 660MW, supercritical unit - for the 3960 MW Sasan UMPP and the project is on track to be commissioned five months ahead of schedule.

• Coal production has commenced from the Sasan coal mines. The Moher and Moher Amlori Extn. mines with a capacity of 20 Million tonnes per year, will be India’s largest coal mine.

• Boiler light-up achieved for the second 300 MW unit of the 600 MW Butibori project in

Maharashtra. The project is expected to be fully commissioned by the end of this year.

• Civil works is in full swing for the 100 MW Concentrated Solar Power (CSP) project in

Dhursar, Rajasthan and the project is expected to be commissioned by May 2013.

• The 45 MW wind project in Maharashtra is in its final stages of implementation and the project is expected to be commissioned by the end of this year.

Reliance Power Limited, a part of Reliance Group, is India's leading private sector power generation company. The company has the largest portfolio of power projects in the private sector based on coal, gas, hydro and renewable energy, with an operating portfolio of 1,540 MW. The company also has the largest captive coal reserves in the private sector, estimated at more than two billion tonnes. Besides, the company has purchased three coal mines in Indonesia and also has plans to develop coal bed methane based generation capacity.