Reliance energy ranks third among indian private

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Reliance Energy ranks third among Indian private companies in terms of net worth. The net worth of the Company stood at Rs. 6,339 crore (US$ 1.5 billion) as on 31't March 2005. The group distributes nearly 16000 million units of power to over 5 million consumers across an area covering 7,24,900 sq. kms. Reliance Energy generates 941 MW of power, through its power plants located in four states across India. Reliance Energy is ranked amongstIndia's top 20 listed private companies in terms of all major financial parameters, including assets, sales, profits and market capitalization. Reliance Group acquired the management control of the Company two years ago and made rapid strides in improving its operational and financial performance. Reliance Energy has since become a world-class utility, benchmarked to international standards of quality, operational performance, efficiency and customer care. Their net profit has increased to Rs. S2O crore (US$ 119 million), Ms-55 @ P.T,O.
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against Rs. 367 crore (US$ 84 million) in the last financial year, an increase of 42 percent. The two Delhi Distribution Companies, viz. BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) witnessed a complete turnaround in their performance during the year under review, by improving their financials from aR aggregate loss o{ Rs. 8J crore to an aggregate ngt profit of Rs. 67 crore during the year. All this is due to ihe Electricity Act 2003, which aims to benefit consumers by offering them the freedom o{ choice of suppliers, leading to competitive tariffs and improvement in the quality of power. Electricity would soon be made a service, which will be traded on benchmarks o{ customer satisfaction such as quality, pricing, and service. The interests of consumers will be served best by increasing competition in generation, transmission and distribution of power, thereby eliminating monopolies and bringing down unit costs of power. In order to see the high potential in this sector one can compare India (the total installed power generation capacity stands at .about 1,18,000 MW) and China (installed capacity _of 4,00,000 MW, nearly four times that of India). Over the last 5 yea1s, the average annual addition to power generation capacity in India is only Ms.55 @
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around 4,000 MW. In contrast, China has been adding over 20,000 MW of capacity every year, five times that of India, India is witnessing severe shortages in power availability, which is impeding our economic growth. Reliance Energy has a comprehensive plan to explore various opportunities in coal, gas, hydro and wind based power generation projects. REGL is taking initiatives towards coal based power generation, gas based power generation. Reliance Energyaspires to become a customer centric organization with a mission to provide uninterrupted, affordable, and clean power to millions of its customers.
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