Jaiprakash Power Ventures reports net loss of Rs 196.16 crore in Q1

19 Jul 2016 Evaluate

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

The company has reported a net loss of Rs 196.16 crore for the quarter as compared to a net profit of Rs 66.96 crore for the same quarter in the previous year. Total income of the company decreased by 39.96 % at Rs 767.45 crore for quarter under review as compared to Rs 1278.25 crore for the quarter ended June 30, 2015.

The results for the quarter ended June 30, 2016 are in respecting 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 results for the quarter ended June 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 with the effect from September 01, 2015. The Company now has aggregate power generation capacity of 2220 MW comprising of Hydro (400 MW ) and Thermal (1820 MW).

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