Tata Power net profit up 29 percent at Rs 1,141 crore in June quarter
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The net profit of the company was Rs 883.54 crore in the corresponding quarter of the previous financial year. In the information given to the stock market, Tata Power said that the total income of the company increased to Rs 15,484.71 crore during the period under review.
New Delhi. Private sector power major Tata Power’s consolidated net profit in the first quarter (April-June) of the current financial year rose by over 29 per cent to Rs 1,140.97 crore. The net profit of the company was Rs 883.54 crore in the corresponding quarter of the previous financial year. In the information given to the stock market, Tata Power said that the total income of the company increased to Rs 15,484.71 crore during the period under review.
It was Rs 14,638.78 crore in the first quarter of the last financial year. The company’s Chief Executive Officer (CEO) and Managing Director Praveer Sinha said in a statement that the reason for this superior performance is effective strategy, operational efficiency and committed workforce. Tata Power has a total installed capacity of 14,319 MW. This includes the installed capacity of subsidiaries and jointly controlled units.
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