ReNew Power loss widens to Rs 1,027 crore in September quarter, Energy News, ET EnergyWorld

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New Delhi: ReNew Energy’s consolidated net loss widened to Rs 1,027.41 crore in the September quarter. The consolidated net loss was Rs 91.7 crore in the quarter ended September 30, 2020, the company said in a statement.

The company’s total income rose to Rs 2,131.3 crore in the quarter, up from Rs 1,475.6 crore a year ago.

The consolidated net loss during the April-September period of this year amounted to Rs 984.9 crore. The company had recorded a net loss of Rs 59.2 crore in the first half of the last fiscal year.

The net loss for the first half of fiscal year 22 (April-September) included Rs 1,640.7 crore of charges related to listing on Nasdaq Stock Market LLC, issuance of stock warrants, listing of payments action-based and the like, the statement said.

Total income (or total revenue) for the first half of FY22 was Rs.3811.9 crore, an increase of 26% from the first half of FY21 (April-September 2020).

As of September 30, 2021, its portfolio consisted of 10,217 MW – 6,315 MW projects are commissioned; an increase of 15.6% compared to September 30, 2020, and 3,902 MW are committed, of which power purchase contracts (PPA) have been signed for 2,699 MW.

As of November 15, 2021, 7 GW of capacity has been commissioned.

“Our estimate remains at 8.2 GW of operating capacity by the end of FY 22 and Adjusted EBITDA for FY 22, excluding the impact of weather conditions, will be around Rs 60,750 million,” did he declare.


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