Reliance Energy clocks net profit of Rs 801 crore

Mumbai, Apr 25 (UNI) Anil Ambani promoted Reliance Energy Limited (REL) has posted a net profit of Rs 801 crore and an increase of 23 per cent in its revenue, for the year ended on March 31, 2007.

The board has approved a payment of final dividend of Rs 5.30 per share, amounting to pay-out of Rs 142 crore.

The company achieved aggregate sales of 8,766 million units of electrical energy during the financial year ended on March 31, 2007, as against 8,087 million units in the previous year.

The company's aggregate revenues from energy sales during the financial year ended March 31, 2007 was Rs 3,611 crore against Rs 3,158 crore in the previous year. During the period under review, the consumer base in Mumbai supply area for the company has increased by over 0.7 lakh to 25.6 lakh consumers.

Reliance Energy, a part of Reliance - Anil Dhirubhai Ambani Group, is a leading private sector utility group, with aggregate estimated group revenues of Rs 12,838 crore, and total assets of Rs 12,166 crore.

The group distributes nearly 21 billion units of power to over 5 million consumers in Mumbai, Delhi, Orissa and Goa, across an area covering 1,24,300 sq kms.

UNI