Tata Power Company, the largest private power firm in the country, has registered a 57.61 per cent rise in net profit at Rs 354.60 crore in the March-ended quarter. The rise was due to a Rs 308-crore gain from the company’s sale of its partial holdings in Tata Teleservices (TTSL).

Net sales fell 11.53 per cent to Rs 1,373 crore as compared with Rs 1,552 crore in the same period last year. The fuel cost in the fourth quarter fell 19.96 per cent to Rs 874 crore after a fall in commodity prices. The company’s consolidated profit after statutory appropriations rose 26.85 per cent to Rs 1,264.04 crore in the financial year ended March 2009. The consolidated revenue rose 61.48 per cent to Rs 1,7587.53 crore.

Click here for Cloud Computing

Also Read   Related Stories News Now - Govt orders spl audit of Airtel, Vodafone, TTSL, Idea accounts - Tata Power adds 250 MW capacity - Tata Tele: A mountain to climb - Tata Power up on TTSL stake sale - Two Tata cos raise over Rs 700 cr from TTSL stake sale - Rahman to be conferred honorary degree by AMU

Also Read   Related Stories News Now - S&P reaches 7-month high before hitting wall - World Bank President Zoellick to step down on June 30 - Oil cos cut jet fuel prices by Rs 350/kl - Telcos operating profit to rise 5% in 2 yrs: Crisil - PESB recommends SS Narsing Rao for CIL's top slot More

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - S&P reaches 7-month high before hitting wall - World Bank President Zoellick to step down on June 30 - Oil cos cut jet fuel prices by Rs 350/kl - Telcos operating profit to rise 5% in 2 yrs: Crisil - PESB recommends SS Narsing Rao for CIL's top slot

Tags : Tata Power Company | TTSL |   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  Save over Rs.3000 with IndianOil Citibank Card -  We live for our family. have you secured them? -  India's No. 1 Property Site. Click here to know more.. -  Diseases earlier, Saving Costs, Extending Lives. Know More.. -  Get 5% cashback on telephone bills with Citi -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Medium-sized businesses are the engines of a smarter planet. -  Be part of it The World's Largest Aircraft. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more -  Health is Wealth..... Insurance + Savings... Know More...