The Anil Ambani-led Reliance Infrastructure said its net profit rose 14.85 per cent to Rs.1,353.23 crore in 2008-09 from Rs.1,178.21 crore the year before.
The power distribution company, also involved in generation, transmission and trading of electricity besides constructing power plants, saw a 46.06 per cent rise in its net sales of electrical energy at Rs 10,037.64 crore last fiscal..
In the footnotes, the company said that it has made a provision of Rs 320 crore towards regulatory matters in respect of electricity matters and other corporate matters. Last year the company had made provision of just Rs 80 crore for these matters.
In the last financial year, the company sold total of 9,581 million units of electrical energy. This was a tad higher (289 units more) compared to the year before.
Reliance Infra has also recommended a dividend of Rs 7 per share for the year 2008-09.
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