indiabusinessview (https://indiabusinessview.com/tag/hydro_power/)
Jaiprakash Power Ventures (JPVL), a large private sector hydropower company reported a 52% increase in sales to Rs 181 crore, in the December 2010 quarter. Its sales slipped 36% sequentially, which should be seen in the light of the business being a seasonal one.
JPVL’s net profit is 35% up at Rs 23 crore, compared to the December 2009 quarter and one-fourth the previous quarter’s level.
Heritage Foods, a Hyderabad-based dairy company with Rs 600 crore in revenues, has taken approval from its board of directors to invest Rs 50 crore in a power project. The money will be invested in a special purpose vehicle that will generate hydro power in Arunachal Pradesh. The SPV is expected to start generating power in two years time. Details like the name of this special purpose vehicle and the stake it will get in it have not been given.