Newly appointed Managing Director of Adhunik Power & Natural Resources Limited has laid out plans for loss making company profitable.
Addressing a press meet at a hotel in Adityapur in the adjoining Seraikela-Kharsawan district, Raghvendra Kumar Singh, said "Adhunik Power & Natural Resources Limited is running in loss. The company wants Rs 95 crore per month income but it is getting only Rs 82 crore and the company is facing a loss of Rs 13 crore every month but we have plans to take loss to zero and make it profitable.
Replying to a query, MD informed, the company is incurring loss due to which the CSR activities in and around the vicinity of the company has been suspended but he hoped that soon CSR and other activities will resume which will help make better livelihood for all associated with Adhunik. "We have plans to invest in education, healthcare, sanitation and improve village roads for which strategy has been formulated," said MD.
The former Executive Director of NTPC further said, total of 440 employees including 129 displaced employees are working for the company.
Talking numbers, RK Singh informed, the company is producing 360-380 megawatt electricity of which 170 megawatt is being supplied to Jharkhand, 100 megawatt to Tamil Nadu and 100 megawatt to West Bengal. "We can produce 540 megawatt (Two units of 270 megawatt each) electricity in the plant for which we are holding talks with the government. Singh further stated that the company was yet to receive outstanding amount adding upto Rs 400 crore from the governments of Jharkhand, West Bengal and Tamil Nadu which would provide the delicate financial board some buoyancy."
Director Animesh Gupta informed that we have issues went it comes to coal. 28 lakh tonnes of coal is required for the smooth functioning of the company but we are getting only 12 lakh tonnes which is hampering the electricity production. "If we purchase coal from outside then the production cost will rise up and electricity will become more costly. This is the reason we try to purchase all coal from the government", Gupta added.
