Operational Update on Impact of COVID-19
Azure Power Global Limited Equity Shares (AZRE)
Last azure power global limited equity shares earnings: 2/11 04:31 pm
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Source: PR Newswire
NEW DELHI, April 10, 2020 /PRNewswire/ -- Azure Power Global Limited (NYSE: AZRE) (the "Company"), a leading independent solar power producer in India, today announced certain operational and financial updates. As of April 10, 2020, our operating projects have not been materially impacted related to the COVID 19 outbreak. We remain comfortable with our revenue and operating megawatt guidance for fiscal years 2020 and 2021 that we provided on February 12, 2020. For fiscal year 2020, we expect revenues will be between INR 12,900 million - 13,000 million which is line with guidance of INR 12,770 – 13,350 million and 1,808 MWs were operational, which is also in line with our guidance. Our plants remain fully operational during the recent "lockdown" in India as electricity generation is designated as an essential service in the country. There have not been any cases of coronavirus reported by our employees as of April 10, 2020. We have been receiving payments towards electricity supplied
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