FINANCIAL RESULTS Summary of the financial results for the year under review is as under: (Rs. Ltd to commission 75 MW wind project at Bhud, District Sangli, Maharashtra. The Company also signed an agreement with ReGen Powertech Pvt. The Company''s first 49.6 MW Wind Power Plant at Lalpur, District Jamnagar, Gujarat was successfully commissioned during the year. Torrent Energy Limited (TEL), a wholly owned subsidiary of the Company, has been granted status of Co Developer by Ministry of Commerce & Industry at Dahej SEZ area and DGEN Power Project (being developed by TEL) has been granted Provisional Mega Power Status by Ministry of Power, Govt of India. Short term power purchase contracts for 290 MW entered into to cater to the shortfall in demands of Ahmedabad, Gandhinagar and Surat distribution circles. Reduction in T&D losses in Ahmedabad, Gandhinagar and Surat distribution circles to 6.84% in FY 2011- 12 as against 7.23% in FY 2010-11 one of the lowest in the country. Hon''ble Appellate Tribunal for Electricity (APTEL) has upheld claims of the company in respect of ARR 2009-10 and ARR 2010-11. Tariff order for FY 2011-12 and MYT order for 2nd Control Period FY 2011-12 to FY 2015-16 has been issued by Hon''ble Gujarat Electricity Regulatory Commission (GERC) on 6th September, 2011 for AMGEN, Ahmedabad & Surat Distribution under which it approved tariff hike for Ahmedabad 22 paise per unit (4.68%) and Surat 12 paise per unit (2.63%).
#TORRENT DYNAMIC TRADER 6 ISO#
Moreover, IMS Certification covering ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 has been renewed. The Plant has also obtained Energy Management System Certifications EN 16001:2009 & ISO 50001:2011. 1147.5 MW SUGEN Mega Power Plant has been awarded 5 Star rating by British Safety Council for Health and Safety Management System. CER futures prices have fallen from 13 Euros in first quarter of FY 2011-12 to around 4 Euros in March 2012. 324.99 Cr earned by SUGEN during FY 2011-12 by selling 6.67 Mn CERs to buyers of repute. 2355.82 Crore - Increase in PAT by 16.11% to Rs. 7917.82 Crore - Increase in PBDIT by 9.66% to Rs. HIGHLIGHTS The key highlights for the financial year 2011-12 are: - Increase in Revenue by 15.96% to Rs. Dear Shareholders, The Directors have pleasure in presenting the 8th Annual Report of the Company together with the Audited Accounts for the year ended 31st March, 2012.
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