Reliance Infrastructure net profit up 11 percent
November 12th, 2010 - 8:57 pm ICT by IANSMumbai, Nov 12 (IANS) Leading utility and infrastructure development firm Reliance Infrastructure, part of the Anil Dhirubhai Ambani group, Friday reported a 11 percent increase in net profit for the second quarter ended Sep 30 at Rs.360 crore ($80 million).
Total operating income of the company rose 2 percent to Rs.4,043 crore, against Rs.3,974 crore in the previous corresponding quarter, Reliance Infrastructure said in a regulatory filing.
The company logged 2,415 million units of electricity in the quarter under review, against 2,629 million units in the second quarter of the previous fiscal.
Reliance Infrastructure, which has a presence across power generation, transmission, distribution and trading is also involved in developing projects like roads, highways, metro rail, airports and speciality real estate.
Currently it is developing 25 such projects aggregating Rs.40,000 crore including 11 road projects of around 970 km.
It also distributes power to metros like Mumbai and Delhi.
The ADAG firm is also developing 3 metro rail projects in Mumbai and Delhi worth around Rs.16,000 crore including the Delhi Airport express link.
- Reliance Infra's Q2 operating revenue up 44 percent - Nov 08, 2011
- Reliance Infrastructure 2010-11 operating income, net profit rise - May 27, 2011
- Reliance Infra quarterly net profit rises 8 percent - Aug 11, 2011
- L&T; achieves financial closure for Hyderabad Metro Rail (Lead) - Apr 05, 2011
- Metro Rail-I to be operational in Mumbai in 2012 - Sep 05, 2011
- 'Mumbai mega infra-projects to be completed by 2013' - Mar 07, 2012
- L&T; quarterly net profit rises 12 percent - Aug 08, 2011
- Bangalore gets Rs.4,770 crore for better infrastructure - Feb 24, 2011
- L&T; bags orders worth Rs.2,700 crore - Dec 07, 2011
- R-Ifra bags Rs.3,000-crore Delhi-Agra road project - Jul 20, 2010
- Kerala diaspora can partner in development: Minister - Feb 14, 2012
- L&T; achieves financial closure for Hyderabad metro - Apr 05, 2011
- ABB to power Jaipur metro rail project - Apr 12, 2012
- Reliance Power's second quarter operating revenue up 189 percent - Nov 08, 2011
- Reliance Power signs $750 mn deal with General Electric - Nov 06, 2010
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