Tata power increases revenue by 12.57%

Kolkata, Oct 30 (UNI) The Tata Power Company Ltd, India's largest private power company, today announced its financial results for the quarter ended September 30 reported profits of Rs. 447.63 crore and revenues of Rs. 2862.04 crore, an increase of 38.09% and 11.44% respectively.

During the corresponding period last year, profits and revenues were Rs. 324.17 crores and Rs. 2568.20 crore respectively. Sales volume rose by 7.01% at 7867 MUs against 7352 MUs in H1 FY07.

The gain on sale of Long term Investments for the half year ended Sept. 2007, included in the other income is Rs. 92.10 crore (Rs.

85.13 crore for Q2). The gain on exchange arising out of Exchange differences for the half year was Rs. 46.83 crore (Rs. 8.96 crores for Q2).

The Company's Trombay Thermal Power Station recorded highest ever thermal generation of 5042 MUs and operated at a Plant Load Factor (PLF) of 86.32 %. Previous highest reported was 4802 MUs at PLF of 82.21 % in FY 03.

The Jojobera Thermal Power Station recorded higher generation at 1442 MUs, improved PLF at 76.8%, as compared to 1333 MUs and PLF of 71%.

In consultation with KPTCL, for the first time third party sale of power was executed under open access from this plant. 60 MW of power from Belgaum was brought to Mumbai through TPTCL to meet Mumbai demand.

UNI