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Tata Power net rises 56% to Rs190 cr

Tata Power net rises 56% to Rs190 cr
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First Published: Fri, Jul 27 2007. 12 33 AM IST
Updated: Fri, Jul 27 2007. 12 33 AM IST
Mumbai: Tata Power Ltd, India’s third biggest power generator, said profit for the first quarter rose 56%. Net income rose to Rs190 crore ($47 million) in the three months ended 30 June from Rs122 crore in the year-ago period, the company said in a statement to the Bombay Stock Exchange. Revenue rose 12% to Rs1580 crore.
The company is pursuing the setting up a 2,400MW plant in Maharashtra, based on imported coal, to meet the needs of the state.
PTI contributed to the story.
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First Published: Fri, Jul 27 2007. 12 33 AM IST