Jaiprakash Power Ventures has reported results for second quarter ended September 30, 2016.
The company has reported a net loss of Rs 161.67 crore for the quarter under review as compared to a net profit of Rs 168.82 crore for the same quarter in the previous year. Total income of the company decreased by 41.85% at Rs 688.49 crore for the quarter under review as compared Rs 1183.92 crore for the corresponding quarter previous year.
The financial results for the quarter/period ended September 30, 2016 are in respect of 400 MW Jaypee Vishnuprayag H.E. Plant, 500 MW Jaypee Bina Thermal Power Plant, 1320 MW Jaypee Nigrie Super Thermal Power Plant (JNSTPP), Jaypee Nigrie Cement Grinding Unit and Amelia (North) Coal Mine. The financial results for the quarter/period ended September 30, 2015 also included operating results for 300 MW Baspa II H.E. Plant and 1091 MW Karcham Wangtoo H.E. Plant. The company concluded the sale of these Plants to JSW Ltd. w.e.f. September 01, 2015, hence the figures of the current quarter/ period are not comparable with figures of the corresponding quarter/ period in the previous year.
| Company Name | CMP |
|---|---|
| NTPC | 400.00 |
| Tata Power | 441.35 |
| Adani Power | 227.50 |
| Power Grid Corp | 319.25 |
| Torrent Power | 1722.35 |
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