{"id":366554,"date":"2020-08-07T10:16:08","date_gmt":"2020-08-07T04:46:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=366554"},"modified":"2020-08-07T10:32:09","modified_gmt":"2020-08-07T05:02:09","slug":"adani-power-q1-pre-tax-loss-at-rs-634-cr-on-drop-in-electricity-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-power-q1-pre-tax-loss-at-rs-634-cr-on-drop-in-electricity-demand\/","title":{"rendered":"Adani Power Q1 pre-tax loss at Rs 634 cr on drop in electricity demand"},"content":{"rendered":"<p>Private power producer Adani Power reported a pre-tax loss of Rs 633. 62 crore for the June quarter, as the pandemic widened losses for the company. <\/p>\n<p>For the April to June period, Adani Power registered a net loss of Rs 682.46 crore, higher from a Rs 263.39 crore net loss reported in the same period a year ago. Adani Power had reported a profit before tax and exceptional item of Rs 882.44 crore in the June 2019 ended quarter, which has now slipped into the red. <\/p>\n<p>As power demand took a hit during the lockdown period, Adani Power\u2019s plant load factor (PLF) also dipped to 51 per cent, as compared to 78 per cent a year ago. \u201cThe PLF is lower due to the decline in power demand following the announcement of a nationwide lockdown to combat Covid-19,\u201d the company said in its statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Private power producer Adani Power reported a pre-tax loss of Rs 633. 62 crore for the June quarter, as the pandemic widened losses for the company. For the April to June period, Adani Power registered a net loss of Rs 682.46 crore, higher from a Rs 263.39 crore net loss reported in the same period a year ago. Adani Power had reported a profit before tax and exceptional item of Rs 882.44 crore in the June 2019 ended quarter, which has now slipped into the red. As power demand took a hit during the lockdown period, Adani Power\u2019s plant load [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-366554","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=366554"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366554\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=366554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=366554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=366554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}