Jaiprakash Power reports Rs 140-crore loss in Q3

Jaiprakash Power Ventures Ltd today reported a standalone net loss of Rs 140.28 crore in the quarter ended December 31, 2015.

The company had posted a net loss of Rs 90.21 crore for the quarter ended December 31, 2014,” it said in a BSE filing today.

Total income is Rs 846.86 crore for the quarter ended December 31, 2015 whereas the same was at Rs 1,068.93 crore a year ago.

The results for the quarter ended under review are in respect of 400 MW Jaypee Vishnuprayag hydro Plant, 500 MW Jaypee Bina Thermal Power Plant, 1320 MW Jaypee Nigrie Super Thermal Power Project, Jaypee Nigrie Cement Grinding Unit and Amelia Coal Mine.

The results for the period ended December 31, 2015 also include operating results for 300 MW Baspa II hydro Plant and 1091 MW Karcham Wangtoo hydro Plant up to August 31, 2015, as the Company has concluded the Sale of these Plants to JSW Ltd with effect from September 1, 2015.

“Hence the figures of the current quarter period are not comparable with figures of the corresponding quarter/ period in the previous year. Previous quarter period figures have been regrouped reclassified wherever necessary,” the company said.

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