India's Reliance Power Q2 net beats forecast on higher generation
Nov 5 (Reuters) - Indian utility Reliance Power Ltd reported a 2.1 percent rise in quarterly net profit, beating expectations helped by higher generation capacity.
The company, controlled by billionaire Anil Ambani, reported a net profit of 2.4 billion rupees ($44.65 million) for the second quarter ended Sept. 30, compared with 2.35 billion rupees a year ago. Net sales more than doubled to 10.79 billion rupees, it said.
Analysts on average had expected a net profit of 2.1 billion rupees according to ThomsonReuters I/B/E/S.
($1 = 53.75 rupees) (Reporting by Kaustubh Kulkarni and Aradhana Aravindan in MUMBAI; Editing by Matt Driskill)
- Tweet this
- Share this
- Digg this
One night in August on the Delhi-Jaipur highway, an angry mob ran amok. The rioters were incensed over an issue arguably as old as India itself: the eating of beef. Perhaps surprisingly in a country where so many people view cows as sacred, India could soon become the world's biggest beef exporter, according to the United States Department of Agriculture (USDA). Full Article
Amount of dirty money leaving developing world jumped 14 pct in 2011 - report. Full Article