IL&FS Tamil Nadu Power turns operationally profitable in Oct-Nov
IL&FS Tamil Nadu Power Company (ITPCL) turned operationally profitable in October and November of 2019 with an all-time high monthly plant load factor (PLF) of 82% in October and 80% in November, the company said in a statement.
The power arm of the troubled Infrastructure Leasing and Finance Company (IL&FS) recorded a PLF of 65% with generation of 4,567 million units during 8MFY20, compared with 55.2% PLF and 3,879 million units generation in 8MFY19. The power generator reported revenue of Rs 336 crore and generated 735 million units of power in October. In November, revenue stood at Rs 315 crore and generation was at 690 million units. In comparison, the firm suffered a full-year loss of Rs 238 crore in FY18. The FY19 results are yet to be declared.
