RattanIndia Power suffered a consolidated net deficit of Rs 13.11 crore during the April-June quarter. The Delhi-based electricity distribution company reversed from the previous year's Rs 93 crore profit and the March quarter's Rs 125.94 crore earnings. Operating revenue decreased 11.8 percent annually to Rs 821.96 crore against Rs 931.83 crore recorded twelve months earlier. Sequential revenue also declined from the March period's Rs 936.25 crore figure. The firm achieved Rs 196 crore in EBITDA during the reporting period.
The company operates a 1,350 megawatt thermal facility at Amravati in Maharashtra through five 270-megawatt units. Annual generation capacity reaches 11,826 million units with 1,200 megawatt capacity contracted under agreements with Maharashtra State Electricity Distribution Company Limited. Open market sales account for an additional 28 megawatt capacity. Power exchange transactions generated Rs 9.36 crore from 12.09 million units sold. Management appointed Ravi Kumar Pakalapati as Additional Director and Whole-Time Director with immediate effect.
The company operates a 1,350 megawatt thermal facility at Amravati in Maharashtra through five 270-megawatt units. Annual generation capacity reaches 11,826 million units with 1,200 megawatt capacity contracted under agreements with Maharashtra State Electricity Distribution Company Limited. Open market sales account for an additional 28 megawatt capacity. Power exchange transactions generated Rs 9.36 crore from 12.09 million units sold. Management appointed Ravi Kumar Pakalapati as Additional Director and Whole-Time Director with immediate effect.
