RattanIndia Power turns black in Q1

RattanIndia Power has reported results for first quarter ended June 30, 2016.

The company has reported a net profit of Rs 4.97 crore for the quarter ended June 30, 2016 as compared to a net loss of Rs 244.33 crore for the same quarter in the previous year. Total income of the company jumped almost three fold to Rs 681.01 crore for the quarter under review from Rs 243.12 crore for the corresponding quarter of the previous year.

RattanIndia group, having net worth of more than $1 billion, is a business conglomerate with business interests in power generation, cement and mining. RattanIndia Power is developing coal based thermal power projects Amravati and Nasik in Maharashtra.