TEC NET RISES 39%
Article Abstract:
The net profit of the private sector power firm, Tata Electric Companies (TEC) increased by 39 percent to Rs320 crore for 1997- 98. TEC comprises Andhra Valley Corporation (AVC), Tata Hydro and Tata Power. The net profit of Tata Power increased by 40 percent to Rs160 crore while the net profit of AVC increased by 39 percent to Rs96 crore. The net profit of Tata Hydro increased by 37 percent. (vv) --------------------------------------------------------- Financial Results of Tata Electric Companies (Rs in crore) --------------------------------------------------------- Particulars 1997-98 1996-97 --------------------------------------------------------- Sales 2,362 2,345 --------------------------------------------------------- Interest 174 147 --------------------------------------------------------- Gross profit 678 559 --------------------------------------------------------- Depreciation 183 155 --------------------------------------------------------- Tax 175 174 --------------------------------------------------------- Net profit 320 230 --------------------------------------------------------- Dividend (%) 37 35 ---------------------------------------------------------
Comment:
Reports increase in net profit by 39% to Rs320 crore for 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
KPCL CHARGED UP WITH RECORD PROFIT
Article Abstract:
Karnataka Power Corporation Ltd (KPCL) has achieved an all-time high net profit of Rs154 crore in 1997-98 as compared to a net profit of Rs0.88 crore in 1996-97. The company's total power generation increased by 33 percent during the year. The good performance has been attributed to improvement in the load factor of Raichur Thermal Power Station, good monsoons and cost management. It has invested Rs587 crore in 1997-98 for new projects. (gs)
Comment:
Posts an all-time high net profit of Rs154 crore in 1997-98 as compared to a net profit of Rs0.88 crore in 1996-97
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
GUJARAT INDUSTRIES POWER COMPANY LIMITED: FINANCIAL RESULTS
Article Abstract:
Gujarat Industries Power Company Limited has declared its unaudited financial results in the quarter ended December 31, 1998. (khr)
Comment:
Gujarat Industries Power Company Limited has declared its unaudited financial results in the quarter ended December 31, 1998.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: BIRLA 3M LIMITED KALYANI SHARP INDIA LIMITED: FINANCIAL RESULTS
- Abstracts: DCM SHRIRAM CONSOLIDATED LTD SHRIRAM HONDA POWER EQUIPMENT LIMITED: AUDITED FINANCIAL RESULTS SHRIRAM HONDA TO CHANGE NAME TO HONDA SIEL POWER PRODUCTS
- Abstracts: THE INDIAN HOTELS COMPANY LIMITED INDIAN RESORT HOTELS LIMITED: FINANCIAL RESULTS. BHARAT HOTELS LIMITED
- Abstracts: KCP SUGAR AND INDUSTRIES CORPORATION LIMITED STATE DRAWS UP PLAN REVIVAL OF DEVE SUGARS DEVE SUGAR STOCK EXPECTED TO FETCH Rs3.7 CRORE
- Abstracts: ANGLO-FRENCH DRUGS & INDUSTRIES LIMITED SHASUN CHEMICALS NET AT Rs5-Cr