Mobility paves Samsung’s silver path
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
bl14_Rpower.jpg
Reliance Power, a company controlled by billionaire Anil Ambani, has posted a 22 per cent rise in net profit at Rs 240 crore (Rs196 crore) for the quarter ended June 30.
The company’s operational revenue was up 110 per cent at Rs 1,136 crore (Rs 542 crore) on the back of all four units of its 1,200 MW Rosa plant (Uttar Pradesh) becoming operational as against two units of 300 MW in the corresponding quarter of last year.
Addressing mediapersons, J.P. Chalasani, Chief Executive Officer, said the company’s Rosa plant operated at 81 per cent plant load factor (PLF), generating two billion units against 1.19 billion million units logged in the same period last year.
On the 2,400-MW Samalkot project, he said like price pooling of coal with imported coal, gas should come about. With price pooling it was possible to run the plant at 70 per cent PLF and ensure recovery of the debt service cost. For this to happen, power tariff should be in the range of Rs 4.5-5 a unit.
Reliance Infrastructure (RInfra) posted a 1.72 per cent rise in consolidated net profit at Rs 412 crore (Rs 405 crore) in the June quarter.
A large number of the company’s projects have already been completed and major ones were nearing completion, resulting in the flat growth in net profits, RInfra Chief Executive Officer Lalit Jalan told reporters.
Total income rose four per cent to Rs 5,383 crore, against Rs 5,176 crore logged in the same period last year.
On Tuesday, R Power scrip ended near flat at Rs 93.05 and Rinfra closed 1.53 per cent up at Rs 528.95, on the BSE.
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts
Invest in relationships, enterprise, behaviour, effort and learning
From different types of osmoses to new membranes, researchers have come up with ways of drawing water
Will a stock continue its current trend or will it reverse? We tell you how you can read chart patterns to ...
Sensex and Nifty 50 saw selling interest on Friday and slumped; selling pressure could continue
Investors with a long-term horizon can consider this offer
Most AMCs have been sending out cryptic e-mails. We tell you how to read between the lines
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
Forget the tuna. The island nation will keep you full and happy with coconut, koftas and jasmine
This year, on Facebook, I saw that someone had posted a list of EASY RESOLUTIONS. I didn’t copy them down but ...
With strokes of quirky humour, Partha Pratim Deb uses pulp, terracotta, glass and discarded cloth to create ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor