October 01, 2014 5:22 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Essar Power Limited

Company Overview

Essar Power Limited generates and supplies gas, coal, and liquid fuel based power in India. It operates four power plants – three in Gujarat and one in Sault Ste. Marie, Canada – with a total installed generation capacity of 1,600 MW. The company was incorporated in 1991 and is based in Mumbai, India with plants in Hazira, Vadinar, and Visakhapatnam, as well as Madhya Pradesh and Jharkhand. Essar Power Limited operates as a subsidiary of Essar Energy plc.

Essar House

11, Keshavrao Khadye Marg

Mahalaxmi

Mumbai,  400 034

India

Founded in 1991

Phone:

91 22 6660 1100

Fax:

91 22 2495 4787

Key Executives for Essar Power Limited

President
Age: 43
Sr Vice President & Head Human Resources
Senior Vice President of Operations
Age: 59
Managing Director
Executive Director
Age: 53
Compensation as of Fiscal Year 2014.

Essar Power Limited Key Developments

Essar Power Limited Announces Unaudited Standalone Earnings Results for the Six Months Ended March 31, 2014 and Audited Standalone Earnings Results for Year Ended March 31, 2014

Essar Power Limited announced unaudited standalone earnings results for the six months ended March 31, 2014 and audited standalone earnings results for year ended March 31, 2014. For the quarter, the company reported net sales/income from operations of INR 1,603.5 million compared to INR 2,341.1 million a year ago. Profit from operations before other income, interest and exceptional items was INR 881.0 million compared to INR 792.6 million a year ago. Loss from ordinary activities before tax was INR 425.4 million compared to profit from ordinary activities before tax of INR 233.7 million a year ago. Net loss for the year was INR 318.2 million compared to net profit of INR 114.7 million a year ago. Diluted loss per share was INR 0.58 compared to INR 0.06 per share a year ago. For the year, the company reported net sales/income from operations of INR 3,437.0 million compared to INR 5,310.4 million a year ago. Profit from operations before other income, interest and exceptional items was INR 1,786.6 million compared to INR 1,556.8 million a year ago. Loss from ordinary activities before tax was INR 345.9 million compared to profit from ordinary activities before tax of INR 452.7 million a year ago. Net loss for the year was INR 256.2 million compared to net profit for the year of INR 292.8 million a year ago. Diluted loss per share was INR 0.70 compared to INR 0.05 per share a year ago.

Essar Power Limited, Board Meeting, Sep 23, 2014

Essar Power Limited, Board Meeting, Sep 23, 2014. Agenda: To consider unaudited standalone earnings results for the six months ended March 31, 2014 and audited standalone earnings results for year ended March 31, 2014.

Essar Power Limited Reports Unaudited Standalone Earnings Results for the Six Months Ended September 30, 2013

Essar Power Limited reported unaudited standalone earnings results for the six months ended September 30, 2013. For the period, the company reported net sales of INR 1,833.5 million against INR 2,969.3 million a year ago. Profit from operations before other income, interest and exceptional items was INR 844.4 million against INR 764.2 million a year ago. Profit from ordinary activities before tax was INR 79.5 million against INR 219 million a year ago. Net profit for the period was INR 62 million against INR 178.1 million a year ago. Diluted loss per share was INR 0.12 against profit of INR 0.001 a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 11, 2014
Vadinar Power Company Limited
 

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