Company's net income rose to Rs 750.69 crore against Rs 512.41 crore corresponding quarter last year.
It's operating revenues fell from Rs 168.69 crore a year ago to Rs 487.55 crore.
Announcing the results, J.P. Chalasani, the Chief Executive Officer of Reliance Power, said: “Our 600
MW operating plant in Rosa continues to be stable and is operating at a high plant load factor. It has
nearly doubled generation on a year-on-year basis, reconfirming our strong operational capabilities.
The projects under construction are progressing satisfactorily and we are well on track to becoming a
5,000 MW operating company by 2012.”
“The company’s project financing capability has enabled it to expand its sources of funding and
secure competitive financing from US-EXIM, Chinese and global banks and our low cost of
generation and 25-year long-term power purchase agreements enable stable cash flows and reduce
credit risk,” Chalasani added.