Mumbai, Aug 01: Private sector energy major Adani Power reported a net loss of Rs 7.93 billion for the April-June quarter of 2012-13, against Rs 2.9 billion reported in the previous quarter. In the corresponding quarter last fiscal the power major had reported profit of Rs 1.77 billion.
Adani Power's loss surged in the quarter fuel cost almost doubled to Rs 14.22 billion from Rs 7.6 billion in previous quarter. The company's finance cost also increased to Rs 4.86 billion from Rs 1.9 billion in previous quarter.
However, the company's total income for the reporting quarter rose % to Rs 15.78 billion, against Rs 8.64 billion in the same quarter a year-ago.
The company added 660 MW in its power generating capacity in the quarter, bringing the total capacity to 3960 MW. and commissioned a 4,620 MW thermal plant at Mundra, Gujarat in 2011-12.
Adani Power along with subsidiaries is developing and planning projects having a combined capacity of 16,500 MW. Out of the total, about 10,000 MW is expected to be commissioned by March, 2013. The company is in advanced stages of implementing the 3,300 MW project at Tiroda in Maharashtra and the 1,320 MW project at Kawai in Rajasthan.
Shares of Adani Power was trading at Rs 43.10 on the BSE at 2:15 pm on Tuesday, down 1.26% from the previous close.