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Vol. VIII Issue. 48
Adani Power posts net loss of ' 2.9 bn for FY'12

15 May 2012

May 14, 2012. Private sector energy major Adani Power posted a loss of ' 294 crore for the financial year 2011-12, due to costlier imported coal and non- availability of domestic fuel. The company had reported a net profit of ' 524 crore in the previous fiscal. However, the company's total income for the fiscal ended March 31, 2012 jumped 87 per cent to ' 3,949 crore, against ' 2,106 crore in the previous year as the company added 1,320 MW in its power generating capacity. Adani Power commissioned a 4,620-MW thermal plant at Mundra, Gujarat in 2011-12. It also consolidated transmission business into one single company to integrate projects spread across various entities of Adani Group.

      
 
 
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