RattanIndia Power expects to become debt-free in 2 years
RattanIndia Power NSE -0.66 % Ltd (RPL NSE 0.00 %) on Friday said it expects to become debt-free in nearly two years based on revenue from its thermal power plant at Amravati in Maharashtra and accumulated dues from power distribution companies.
The company is working on debt resolution with the lenders to its 1,350-Mw power project at Nashik in Maharashtra, its chairman Rajiv Rattan told ET.
The company reported 212% increase in net profit for the third quarter at Rs 104 crore. Its EBITDA for the quarter rose 119% to Rs 299 crore in Q3 FY2021, an official statement said.
