Anil Ambani-promoted Reliance Power witnessed a jump of 41% in its net profit to Rs 344 crore during the first quarter of FY16. The company’s total income increased to Rs 2,864 crore in Q1FY16, up by 58% during the corresponding period last financial.
The company’s operating revenue increased to Rs 2,768 crore during the quarter under review. R-Power achieved full commission of its 3,960 Mw Ultra Mega Power Project (UMPP) in Sasan, Madhya Pradesh last year.
“The Sasan UMPP in Madhya Pradesh generated 6,948 million units. The plant reached an availability of 100% in the very first quarter of its full operations,” said the company in its statement.
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