Net Profit of Rairang Hydropower Increases 598.52%

Feb 15, 2019 Merolagani

The net profit of Rairang Hydropower (RRHP) has increased by 598.72 percent to Rs 7.4 million in the second quarter of the current FY compared to Rs 1.06 million of the corresponding period of the last FY.

During the period, the company earned Rs 1.6 million through electricity sales compared to Rs 1.6 million. Similarly, the company earned Rs 6.5 million from other sources.

The company with Rs 560 million in paid-up capital has reserve fund of Rs 3.8 million.

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