Edition:
India

India's JSW Energy Sept-qtr consol profit up 37 pct


Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - JSW Energy Ltd ::Sept quarter consol profit 2.97 billion rupees versus profit of 2.17 billion rupees last year.Consensus forecast for Sept quarter consol profit was 2.15 billion rupees.Sept quarter consol revenue from operations 20.49 billion rupees versus 20.47 billion rupees last year.Says cost of debt drops by 84 bps by end of Q2‍​‍​.Says suitable SPV being planned for project in Gujarat for setting up facilities for manufacturing electric car and storage battery ‍​.With capacity addition headwinds receding, a better demand-supply scenario expected in medium term for power sector‍​.Working towards developing capability in renewable energy space.