CESC sees 11 percent rise in profit before tax
February 10th, 2011 - 6:23 pm ICT by IANSKolkata, Feb 10 (IANS) RPG group company CESC Thursday reported an 11 percent rise in its profit before tax (PBT) to Rs.137 crore for the quarter ended December 2010. This is up from Rs.123 crore in the corresponding period of the previous year. RPG group vice-chairman Sanjiv Goenka told journalists here that the company, a power utility, registered an eight percent rise in profit after tax (PAT) due to higher tax rate compared to the corresponding quarter of the previous year.
Stating that the company’s total capacity was now 1,225 MW, he said power generation had increased by 15 percent due to commissioning of the third unit of the Budge Budge plant near the city.
Goenka said talks were on with eight private equity firms regarding the uploading of 20 percent equity of Haldia Energy Limited, a subsidiary of CESC Ltd.
Twenty percent equity stood for Rs.1.2 crore equity shares per MW.
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- CESC's Haldia thermal power project by 2013-14 - Jul 29, 2011
- Shanghai Electric, Punj Lloyd bag CESC projects - Feb 10, 2011
- CESC posts Rs.102 crore net profit in third quarter - Jan 22, 2010
- CESC revives Balagarh power project in West Bengal - Apr 29, 2010
- Phillips Carbon Black profit slumps - May 03, 2011
- CESC posts Rs.126 crore net profit in quarter two - Oct 29, 2009
- Spencer's in talks with foreign players for retail venture - Jul 29, 2011
- Haldia Energy to raise Rs.1,000 crore - Nov 03, 2010
- CESC plans to raise Rs.1,200 crore in equity - Dec 07, 2010
- CESC acquires over 50 percent stake in DIPL - Aug 29, 2009
- Magma's Q2 income up 27 percent - Oct 17, 2011
- NTPC's third quarter net profit at Rs.2,371.48 crore - Jan 31, 2011
Tags: cesc ltd, crore, goenka, group company, group vice, journalists, pbt, power generation, previous year, private equity firms, quarter ended december, rs 1, sanjiv, subsidiary, tax rate, uploading, vice chairman