Apart from 7,324 MW of legally declared COD, they also have another 830 MW of operational capacity which is in the process of being legally binding-declared COD, so effectively they have 8,154 MW of operational capacity.
Consolidated revenue from operations increased by 44.8% YoY aided by higher regulatory income, increased operating capacity, improved tariff realization under long term Power Purchase Agreements (“PPA”), and revival of 1,234 MW Bid-2 PPA with Gujarat DISCOMs in Mar-22.
Discussing about the short selling report, management explained that they have submitted their responses and refuted the allegations. They stated that there is no material adjustment to financial statements.
The Indian Oil Corporation Ltd. saw a jump of 24% in revenue to Rs.2,05,715 Cr. However, the margins saw a drop on yearly basis given the increase input costs and indirect capping of prices by the government along with inventory losses.
The top line grew by 62.62% on the back of inflationary pricing. The margins have improved significantly on a yearly basis. However, margins remain affected on a quarterly basis as input cost is still high as compared to previous quarters.