Tata Power today reported 11% rise in net profit at Rs 312.30 crore for the quarter ended June 30, 2012.
The company had posted a net profit of Rs 281.56 crore in the same period of the last financial year.
Total income of the company rose 19% to Rs 2284.10 crore compared to Rs 1,921.24 crore in the same period of the previous fiscal, Tata Power said in a regulatory filing.
Tata Power plans to venture into international markets that offer a greater potential for growth. It is actively pursuing opportunities in other countries and hopes to increase its global footprint in the coming years.
The company has completed construction of the second 800 MW unit of its flagship Mundra ultra mega project in Gujarat, taking the company's overall capacity to over 6,000 MW.
The first unit of Mundra UMPP, which is fired by imported coal from Indonesia, was commissioned in March this year.
Shares of the company closed at Rs 98.05, down 0.66 per cent on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app