Operating capacity increased by 122% from 270 MW to 600 MW
First 150 MW Gujarat unit started operation in Apr 2015 and ramped up to 85% in Oct 15
180 MW Chennai unit commenced operation and continuing to ramp up
Operating capacity to increase to 750 MW imminently
Second 150 MW Gujarat unit - transmission line connected and synchronised; on track for commercial operation to commence in Jan 2016
Additional Highlights for the period
EBITDA margin of 41% up from 36% compared with H1 FY15
Profit before tax of £15.0 million up by 46% compared with H1 FY15
EPS of 3.41 pence up by 52% compared with H1 FY15
Gearing of 56% down from 59% at year-end; loan repayments of over £13 million made in the period
Run-rate revenues growing: Oct 2015 billings approximately £11 million for Chennai plant (Oct. PLF 70%)
Gujarat revenues and expenses being capitalised until Jan 2016 (as previously reported)
New 257 MW of three year captive sales agreements at Chennai plant, transforms our sales mix
Non-binding MoUs for pipeline projects
