Expect 5000 MW to be operational by Dec 2012: Rel Power

Reliance Power has declared its FY11 results. Its consolidated net profit was up at Rs 760 crore versus Rs 684 crore. Its consolidated net sales were up at Rs 1,055 crore versus Rs 21 crore. The other income was at Rs 838 crore versus Rs 823 crore.

The company's Q4 consolidated net profit was up at Rs 186.6 crore versus Rs 92.4 crore. Its net sales were up at Rs 598.2 crore versus Rs 82.5 crore. In an interview with CNBC-TV18, JP Chalasani, CEO, Reliance Power says, he expects 5,000 mega-watts (MW) to be operational by December 2012. Also read: Reliance Power Q4 net profit up at Rs 186.6cr Below is the verbatim transcript of his interview with Udayan Mukherjee and Mitali Mukherjee of CNBC-TV18. Also watch the accompanying video. Q: Could you just break-up the top-line and also the profit contribution from your key projects like Rosa? A: I think the most important thing what happened this financial year is that Reliance Power started becoming an operating company. The top-line, bottom-line from operating companies started growing. If you look at the top-line, last year, we had about Rs 20 crore revenue from operations, but this year it has gone up 50 times to over Rs 1,000 crore. And that is only coming from Rosa Phase I. Even the operating profit has gone up over Rs 400 crore from operations. Till now we use to have profits coming from other income, now we have become an operating company. Now onwards, the revenues and profits from generation would keep increase from year to year. Q: This year and this quarter also see an integration of RNRL numbers, could you just walk us through what the contribution was on the bottom-line for Reliance Power from that arm? A: RNRL as you know there are significant operating assets. Its contribution is about Rs 3 crore for this. But RNRL main contribution would come once we explore the CBM and gas blocks in Mizoram, the work is happening right now. Q: Just to go back to the contribution of operating assets to Reliance Power that you eluded to, what is the next big leap in operations? We believe that Samalkot could actually start kicking in by the end of next quarter. Do you expect that to contribute to your operating revenues significantly in the second half of the year or at least towards the October-December quarter? A: Last year, if you remember we gave a guidance that by December