Reliance Energy Q2 net up 16.8 pc to Rs 186 cr

Mumbai, Oct 19 (UNI) Reliance Energy Ltd has posted a net profit of Rs 186.39 crore for the quarter ended September 30, 2006, as compared to Rs 159.57 crore for the quarter ended September 30, 2005, an increase of 16.8 per cent.

Announcing the results, the company said its total income has increased from Rs 1,161.36 crore for the quarter ended September 30, 2005, to Rs 1,583.70 crore for the quarter ended September 30, 2006.

It had proposed to set up a 12,000 MW coal-fired plant with an investment of Rs 54,000 crore. However, a high level clearance authority decided to ask the company to go for a 4,000 MW plant at Hirma in Jharsuguda district. A separate task force would be constituted to expedite RELs 12,000 MW project.

The company has invited expression of interest (EoI) from international and national civil contractors for the construction of civil works on turnkey basis for the mass rapid transit system (MRTS) in Mumbai.

UNI SN MJ SKB1811