Disclosing the financial results for the year 2010-11, APGenco managing director K Vijayanand said the company recorded a net profit of Rs 310 crore, an increase of 7.61 per cent over Rs 289 crore in the previous financial year. It achieved 17 per cent increase in energy sales at 34,597 million units as compared with 29,583 mu in the previous year.

Turnover was up 29.42 per cent to Rs 8,526 crore in Financial Year 2011 from Rs 6,588 crore. Among the new projects, APGenco is developing a 2x800-Mw super critical thermal power project at Nellore besides a gas power station in joint venture with discoms by forming a special purpose vehicle, Vijayanand said. APGenco currently has projects with a total installed capacity of 8,385 Mw.

Published Date : Tuesday, 12/4/2011 4:26 PM IST