September 02, 2014 7:56 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
Director & Chief Financial Officer
Senior Vice President of Operations
Age: 59
Managing Director
Compensation as of Fiscal Year 2014.

Essar Power Limited Key Developments

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.

Essar Power Limited, Board Meeting, Nov 11, 2013

Essar Power Limited, Board Meeting, Nov 11, 2013. Agenda: To approve unaudited standalone earnings results for the six months ended September 30, 2013.

Essar Power Limited Announces Unaudited Standalone Earnings Results for the Six Months Ended March 31, 2013 and Audited Standalone Earnings Results for Year Ended March 31, 2013

Essar Power Limited announced unaudited standalone earnings results for the six months ended March 31, 2013 and audited standalone earnings results for year ended March 31, 2013. For the quarter, the company reported net sales/income from operations of INR 2,341.1 million compared to INR 3,666.8 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 784.5 million compared to INR 977.7 million a year ago. Profit from ordinary activities before tax was INR 233.7 million compared to INR 574.2 million a year ago. Net profit from ordinary activities after tax was INR 114.7 million compared to INR 554.0 million a year ago. Diluted loss per share was INR 0.06 compared to diluted earnings per share of INR 0.03 a year ago. For the year, the company reported net sales/income from operations of INR 5,310.4 million compared to INR 7,503.0 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,542.2 million compared to INR 1,878.0 million a year ago. Profit from ordinary activities before tax was INR 452.7 million compared to INR 1,115.4 million a year ago. Net profit from ordinary activities after tax was INR 292.8 million compared to INR 1,279.8 million a year ago. Diluted loss per share was INR 0.05 compared to diluted earnings per share of INR 0.08 a year ago.

Recent Private Companies Transactions

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

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Essar Power Limited, please visit www.essar.com/section_level1.aspx?cont_id=VQnaaH3tLmI=. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.