Friday, Greenko Group Plc (GKO.L), a renewable energy owner and operator, posted a surge in profits for the six months ended September 30, 2008.
The India-based company reported profit attributable to equity holders of EUR 268 thousands or EUR 0.39 per share, compared with EUR 84 thousands or EUR 0.33 per share in the comparable period of last year.
Total revenue rose to EUR 6.7 million from EUR 3.9 million in the year-ago period.
Of the total revenues, sale of power increased to EUR 5.7 million from EUR 3.2 million last year, while sale of emission reductions rose to EUR 989 thousands from EUR 744 thousands in the previous year.
Greenko is a renewable energy operator, with a portfolio of biomass, hydro and wind assets within India.
The company currently has six biomass plants with a total secured installed capacity of 42 MW. During the period under review, the company signed a short term Purchase Power Agreement with the India Power Trading Company to supply electricity from its Roshni plant at Rs6 per Kwh.
In Hydro assets, the company won four new hydro concessions for development totaling 44.5 MW. The Group also stated that it would generate power in full capacity for the financial year 2009 and added that the Sonna Hydro Power was on track for development to produce power from the 2009 Hydro season.
During the period, the company increased secured concessions to 237 MW, which included 90.5 MW of contracted capacity and 146.5 MW of concessions under development.
Looking ahead, Anil Chalamalasetty, chief executive officer and co-founder of Greenko, said, "Although Indian growth is forecast to slow in 2009 to levels of 7%, the continuing acute energy deficit and deregulation of the electricity market continues to support increases in cost per Kwh/H."
Shares of GKO.L are currently trading on the London Stock Exchange at 57.45 pence, down 1.79%, on a volume of 36,562 shares.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.