Reliance Infra Q1 net rises 6 per cent to Rs 375 crore

Reliance Infrastructure, a Anil Dhirubhai Ambai Group company said its first quarter net profit

RELATED ARTICLES

grew 6 per cent to Rs 375 crore on the back of allround performance of its EPC, energy distribution and trading divisions.

The company said its total operating income was up at Rs 3824 crore compared with Rs 3,671 crore last year same quarter.

For the engineering, procurement and construction (EPC) division the turnover grew around one percent to Rs 557 crore as against Rs 552 crore last year. The division had an order book position of over Rs 18,530 crore as on June 30, 2010.

Lalit Jalan, RInfra CEO and whole time director told reporters that, “the company is developing 25 projects aggregating to around Rs 40,000 crore of roads, metro rails, transmission, sealink and airports excluding distribution business and 2 specialty real estate projects.”

“There would be 11 revenue generating projects in fiscal 2010-11, having project outlay of around Rs 19,200 crore,” Jalan said.

For the period the energy trading business saw a jump of 56 per cent to 1,233 million units

The company has over Rs 8,100 crore of cash and cash equivalents as on June 30, 2010. Of the cash and cash equivalents, over Rs 2,800 crore is in cash and debt funds. The company said it does not have any exposure to equity markets.

The company’s total debt on standalone basis stood at Rs 4,160 crore.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

FC NEWSLETTER

Stay informed on our latest news!

EDITORIAL OF THE DAY

  • Retail investors need to be drawn to bond trading

    A country requires both a healthy capital market and a liquid debt market for vibrant economic growth. India has had the first for a long time.

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Japan’s living national treasures

While the world is fascinated by the economic “miracles” in ...

Robert Clements

Cherish good times and accept bad ones

Initially, I was angry and confused, I was even repentant…,” ...

Bubbles Sabharwal

Mothers just see things differently; they can’t help it

Before we begin on mothers, I have to share this ...