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Adani Group
Source Name: Adani Group

Adani Power Consolidated EBIDTA rose to Rs 1645 crore in Q1FY15, up by 227%

Aug 06, 2014   19:31 IST 
Ahmedabad, Gujarat, India

Editor’s Synopsis

  • Consolidated Total Income for Q1FY15 increased by 104% to Rs 5248 crore Vs Rs 2,572 crore in Q1FY14
  • Consolidated EBIDTA for Q1FY15 increased by 227% to Rs 1645 crore Vs Rs 504 crore in Q1FY14
  • Consolidated Net Loss for Q1FY15 is reduced to Rs 303 crore from Rs 1198 crore Q1 FY14
  • The Company sold 13.43 billion units during Q1FY15 Vs 8.1 billion units in Q1FY14
  • Received favorable interim orders from Rajasthan Electricity Regulatory Commission (RERC) for compensatory tariff over and above PPA tariff

 

Adani Power Ltd, a subsidiary of Adani Enterprises Ltd and a part of Adani Group, today announced the financial results for the first quarter ended June 30, 2014.

Consolidated total income for the quarter increased by 104% to Rs 5248 crore compared to Rs 2,572 crore in the same period last year. The consolidated EBIDTA increased by 227% to Rs 1645 crore compared to Rs 504 crore in the same period last year. EBIDTA for the quarter improved due to higher volume of power sold and recognition of compensatory tariff.  The consolidated net loss reduced to Rs 303 crore.

Commenting on the financial performance of the company, Mr. Gautam Adani, Chairman, Adani Power, said, “The outlook of power sector is likely to improve as the new Government has combined the ministry of Coal & Power for speedy policy decision resolution. The recent announcements by the Government to increase fuel availability, commitment for Transmission & Distribution developments and financial restructuring of SEBs will give a renewed boost to the Power sector of the country in the near future. With this we see clear indication of the importance attached to this vital sector and shall boost investment in the sector.”

Mr. Vneet Jaain, Chief Executive Officer, Adani Power, said, “Our overall result reflects improved power generation from our installed capacity of 8580 MW with improved PLF and lower auxiliary consumption. With increased generation and operational efficiencies coupled with improved domestic coal availability, rail infrastructure and implementation of tariff revision petitions, we are confident of better performance in the ensuing quarters.”

The company expects to achieve thermal power generation capacity of 9,240 MW very soon.

About The Adani Group

The Adani Group is one of India’s leading business houses with revenue of over $9.4 billion.

Founded in 1988, Adani has grown to become a global integrated infrastructure player with businesses in key industry verticals - resources, logistics and energy. The integrated model is well adapted to the infrastructure challenges of the emerging economies.

We live and work in the communities where we operate and take our responsibilities to society seriously. The Group protects biodiversity in ecologically sensitive areas like Mundra and undertakes initiatives to reduce CO2 emissions. At Adani, we deliver benefits to our customers and customers’ customers.

Resources means obtaining coal from mines and trading; in future it will also include oil and gas production.

Adani is developing and operating mines in India, Indonesia and Australia as well as importing and trading coal from many other countries. Currently, we are one of the largest coal importers in India. We also have extensive interests in oil and gas exploration. Extractive capacity is scheduled to 200 MMT per annum by 2020.

Logistics denotes a large network of ports, Special Economic Zone (SEZ) and multi-modal logistics - railways and ships.

Adani owns and operates six ports – Mundra, Dahej, Hazira, Dhamra, Goa and Visakhapatnam in India. The Mundra Port, which is the largest port in India, benefits from deep draft, first-class infrastructure and SEZ status. It crossed the 100 MMT mark of cargo handling in FY14. Adani is also developing ports at Kandla and Ennore in India.

Energy involves power generation & transmission and gas distribution.

Adani is the largest private thermal power producer in India. Our power generation capacity is expected to increase from current 8,620 MW to 9,280 MW.

We are currently developing six power projects across Gujarat, Maharashtra, Rajasthan and Madhya Pradesh. 


 
 
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