RInfra Announced Quarterly Un-Audited Financial Results
OREANDA-NEWS. August 17, 2012. Reliance Infrastructure Limited (RInfra) announced its un-audited financial results for the quarter ended June 30, 2012. The highlights are:
Consolidated - Quarter ended June 30, 2012
• Total Operating Income of ' 5,383 crore (USD 1.0 billion), against ' 5,176 crore in the corresponding quarter of previous year, an increase of 4%
• Net Profit of ' 412 crore (USD 74 million), against ' 405 crore in the corresponding quarter of previous year, an increase of 2%
• Earnings Per Share (EPS) of ' 15.7 against '
On Consolidated basis, the net worth of the Company stood at ' 24,650 crore (USD 4.4 billion) and book value per share at ' 937 as on June 30, 2012. The Company is conservatively financed with debt to equity ratio of 0.74 as on June 30, 2012.
The Company enjoys the top end ratings of ‘AA+’ and ‘AA’ from CRISIL and FITCH respectively.
Key Business Highlights
o Distribution Business : Largest private sector distributor of power supplying reliable & uninterrupted 24x7 power totaling 5,000 MW
- Mumbai Distribution:
- Tariff revision process is underway by MERC
- Number of customers added :
- Total number of customers : 28 lakhs
-
- Implemented tariff hike of 21 % wef July 1, 2012 as per DERC order dated June 26, 2012
- Additional surcharge of 8% imposed on the approved tariff to recover Regulatory Assets
- Comprehensive plan of Quarterly Power Purchase Adjustment Charge (PPAC) approved - Ensures pass through of total power purchase cost
- Number of customers added :
- Total number of customers : 29 lakhs
o Transmission : Largest private sector player in the sector with total project outlay of ' 6,600 crore
- Mumbai Strengthening Transmission proiect :
- 220 Kv Double circuit cable connecting RInfra-Chembur to MSETCL-Trombay substations charged in Q1FY13
- 7 Extra High Voltage (EHV) stations charged till date - Enabling additional flow of 300 MW to load centers in Mumbai
- All Stations registered high availability of 99.70% against MERC target of 98%
- WRSS project (
- Solapur Kolhapur (220 kms) line in
- 6 out of 9 transmission lines are commissioned and revenue generating
- Project to be fully operational within 2012
- Parbati Koldam
- Statutory approvals u/s 68, u/s 164 and forest clearance received
- Stringing commenced in February 2012
- One out of two lines to be commissioned in FY13
o Generation : Generates over 940 MW of power
- Generated 1,450 million units in Q1FY13
- Dahanu, flagship power plant of the company, continues to run at 100% PLF from last 7 years
- Owns 38% of RPower, with a well diversified portfolio of Coal, Gas & Hydro projects
o Power Trading : Consistently ranked amongst the five trading licensees by CERC
- Traded 1,155 million units in Q1FY13
- Signed 10 agreements that gives trading volume of 659 million units for remaining FY13
- Focusing on risk free trading through Power Exchanges
o EPC :
- EPC revenue of ' 1,790 crore for the quarter
- Order book of ' 15,560 crore as on June 30, 2012
o Road Projects : Operating / Developing 11 road projects of ~1,000 kms with project outlay of 12,000 crore
- Earned revenue of ' 98 crore in Q1FY13 - An increase of 79%
- 7 road projects are revenue operational
- 10 road projects will be revenue operational within FY13
o Metro Rail Linel in Mumbai (12 kms & 12 stations):
- ~95% of civil work is completed - All critical structure work nearing completion
- Cable stayed bridge on
- Andheri bridge completion on schedule - 2 out of 3 spans completed
- Final testing of major equipment commenced
- Train simulation system successfully installed
- Viability gap funding of ' 502 crore received from MMRDA
o Cement : Developing plants of 5 million tons each in
Reliance Infrastructure Ltd (RInfra) is the largest infrastructure company developing projects, through various Special Purpose Vehicles, in several high growth areas in Infrastructure sector i.e. Roads, Metro rail, Airports, etc. The Company is also leading utility company having presence across the value chain of power businesses i.e. Generation, Transmission, Distribution, EPC and Trading.
The Company is developing two metro rail projects in Mumbai and operating Airport Metro Express in Delhi; awarded eleven road projects with total length of 1,000 kms; operate and maintain five airports in Maharashtra and developing 2 cement plants of 5 Mn tons each in Maharashtra and Madhya Pradesh.
RInfra generates 940 MW of power through its five power stations; distributes power to 57 lakhs consumers in Mumbai and
RInfra also provides Engineering, Procurement and Construction (EPC) for developing power & road projects and currently have an orderbook of ' 15,560 crore.
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