Aniket Mittal's questions to Renew Energy Global PLC (RNW) leadership • Q2 2025
Question
Aniket Mittal asked for reasons behind the lower wind PLF in the quarter and its deviation from P90 levels. He also requested details on the execution timeline for the C&I portfolio and inquired about the stability of finance costs despite rising debt, as well as the size of a recent provision write-back.
Answer
Sumant Sinha, Founder, Chairman and CEO, explained the 300 basis point drop in wind PLF is at a P90 level, reflecting conservatism after several weak wind years. He stated half of the 1.3 GW C&I portfolio will be commissioned this year. CFO Kailash Vaswani attributed stable finance costs to hedging currency exposures and refinancing debt at lower rates. Mr. Vaswani also quantified the O&M provision reversal at approximately INR 60 crores.