Tata Power Q2 net rises 61 pc to Rs 202 crore

Mumbai, Nov 27 (UNI) Tata Power Company has posted a net profit of Rs 202.32 crore for the quarter ended September 30, 2006 as compared to Rs 125.67 crore for the quarter ended September 30, 2005, reflecting a rise of 60.99 per cent.

Announcing the results, the company said its total income has increased from Rs 1097.21 crore for the quarter ended September 30, 2005 to Rs 1279.17 crore for the quarter ended September 30, 2006.

Commenting on the performance this quarter, Mr Prasad Menon, Managing Director of the Company said, ''The Company is now in the implementation phase of several new projects and this augurs well for the future growth. The 250 MW coal-based plant and 100 MW DG Sets for Mumbai are progressing well and we have commenced work on 120 MW Met Coke Project in Haldia, 100 MW wind power plants in Maharashtra and 1000 MW Maithon project.'' These projects on completion, Mr Menon continued, will lead to a step change in the Company's size of operations and will reflect in better operating results in due course. ''Given our track record of steady execution and widely acknowledged customer service, the Company is aiming to play a primary role in the growth of power sector with a country-wide footprint.'' UNI SN MAZ AW2112