This Advanced Metering Infrastructure (AMI) project includes the delivery, installation, integration, commissioning, operation and maintenance of smart meters based on DBFOOT, supported by technology and software solutions for end-to-end automated system management.
The project will be implemented under the Revised Distribution Sector Scheme (RDSS) and is expected to reduce total technical and commercial (AT&C) losses in the designated area and improve operational and collection efficiencies of UP Discoms, the press release said.
For the fourth quarter ended March 2023, GMR Power reported a consolidated net loss of ₹449.7 crore compared to a loss of ₹325.4 crore in the fourth quarter of FY22. In the December quarter of FY23 the Company had a profit of ₹393.4 crore. Consolidated net sales decreased to ₹1,169.8 crore in the fourth quarter of fiscal 22 from ₹1,378.3 crore and from ₹1,399.8 crore in the third quarter of fiscal 23.
Operating EBITDA was 81.9 crore ₹ compared to 57.8 crore ₹ in Q4 FY22 and 138.1 crore ₹ in Q3 FY23. Margin was 7% in Q4FY23, Q4FY22 and Q3FY23, 4% and 10% respectively.
DISCLAIMER: The views and opinions of investment professionals on the subject Fortuneindia.com are either their own or their organizations, but not necessarily those of Fortuneindia.com and his editorial team. Readers are advised to consult certified professionals before making any investment decisions.
“Incurable gamer. Infuriatingly humble coffee specialist. Professional music advocate.”
