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Adani Power Ltd (APL) on Monday reported a net loss of Rs 135.12 crore in the first quarter of 2015-16, ended June 30, whereas its net loss was Rs 179.72 crore in the corresponding quarter of the last fiscal.
Announcing the unaudited results, the company said its consolidated total income for the quarter increased by 13% to Rs 5914 crore (Rs 5225 crore) due to improved PLF and additional revenue of Rs 569 crore contributed by the Udupi Power Corporation Ltd (UPCL) acquired during the quarter.
The consolidated net loss remained at Rs 418 crore.
Commenting on the quarterly results, Gautam Adani, Chairman, Adani Power, said that with the completion of UPCL, the Group has established its presence in southern India and continues to maintain its leadership position as India’s largest private sector power producer.
Vneet Jaain, Chief Executive Officer, Adani Power, said, the company’s overall result reflects improved power generation from the total installed capacity of 10480 MW.
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