Tata Power Q1 net soars three-fold to Rs572.65 crore
28 Aug 2009
Tata Power Company has reported a near three-fold jump in its consolidated net profit to Rs572.65 crore in the first quarter of the current fiscal ended 30 June 2009.
Total income rose from Rs4,069.34 crore in quarter ended June 2008 to Rs4,713.26 crore for the quarter ended June 2009, the company said in a filing with the Bombay Stock Exchange.
Tata Power has an installed power generation capacity of upwards of 2785 MW with the Mumbai operations having a unique mix of thermal and hydro power, with the thermal power station at Trombay and the hydro electric power stations at Bhira, Bhivpuri and Khopoli accounting for 1797 MW. The company's diverse generation capability facilitates production of low cost energy delivering the consumer greater value for money.
Tata Power has generation capacities in Mumbai, Delhi, Jojobera, Jharkhand and Karnataka.
The company's shares were trading at Rs1,334.80 down 1.64 per cent from previous close.