Reliance Infrastructure net profit up 2%

Reliance Infrastructure,part of the Anil Dhirubhai Ambani group,today reported a growth of 2.12 per cent in its consolidated net profit at Rs 1,551.61 crore for the year ended March 31,2011.

The company had reported a net profit of Rs 1,519.39 crore in 2009-10.

Total operating income of the company also rose marginally by 3.65 per cent at Rs 15,408.29 crore during the year vis-a-vis Rs 14,864.82 crore of FY’10,it said in a filing to the Bombay Stock Exchange.

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The company¿s engineering,procurement and construction business has an order book of Rs 29,635 crore,it said in a separate statement.

The statement added that company’s total debt on standalone basis stood at Rs 3,969 crore (USD 890 million),although at the net level,it remains debt free.

It is also developing projects comprising of 11 roads,3 metro rail,5 transmission and the Mumbai sea link,the company said.

Reliance Infrastructure also declared a dividend of Rs 7.20 per share. The company scrip today closed 3.85 per cent up on the Bombay Stock Exchange at Rs 557.15 a piece.

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Anil Dhirubhai Ambani Group

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