By IANS,
Mumbai: Leading utility and infrastructure development major Reliance Infrastructure, part of the Anil Dhirubhai Ambani group Friday reported a 4 percent increase in total operating income at Rs.15,408 crore for the fiscal ended March 31.
It also saw a 2 percent rise in net profit at Rs.1551.61 crore during 2010-11, the company said in a regulatory statement.
At the Bombay Stock Exchange, the shares of the company closed 3.85 percent higher at Rs.557.15.
Reliance Infrastructure is developing projects comprising of 11 roads, 3 metro rail, 5 transmission and the Mumbai sea link. The Western Freeway sea link in Mumbai is actually the first such project in India.
On an ownership basis, the company is the country’s largest infrastructure firm.
The company’s engineering, procurement and construction business reported an order book of Rs.29,635 crore, it said in a regulatory statement.
A subsidiary of the infrastructure firm, Reliance Cementation Pvt. Ltd, is developing two cement plants of 5 million tonnes each in Yavatmal, Maharashtra and Satna, Madhya Pradesh.
For the Madhya Pradesh project, the entire debt funds have been tied up.
Among the three metro rail projects, worth around Rs.16,000 crore, Delhi Airport Express Link has already started commercial operations, while work is on for the Mumbai Metro Line 1.
The Mumbai Metro Line 2 also achieved financial closure for a debt amount of Rs.7,000 crore.
The company is also developing 11 road projects of a total 970 km worth Rs.12,000 crore, of which three have become operational and 7 others would start generating revenue within the current financial year.
The company also declared a dividend of Rs.7.20 per share.