Reliance Infra net rises 2%

Reliance Infrastructure, part of the Anil Dhirubhai Ambani Group, on Friday announced a 2% increase in its net profit at Rs 1,552 crore for the financial year ended March 31, 2011 against Rs 1,519 crore in the previous financial year. HT reports.

Reliance Infrastructure, part of the Anil Dhirubhai Ambani Group, on Friday announced a 2% increase in its net profit at Rs 1,552 crore for the financial year ended March 31, 2011 against Rs 1,519 crore in the previous financial year.

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Total operating income of the company increased by 4% to Rs 15,408 crore against Rs 14,865 crore in the previous year.

The company declared payment of dividend of Rs 7.20 per share, amounting to a payout of Rs 191 crore for the year ended March 31, 2011.

The company is developing projects comprising 11 roads, 3 metro rail, 5 transmission and the Mumbai sea link. "The company's engineering, procurement and construction business reported an order book of Rs 29,635 crore," said the company in a filing to BSE.

Its subsidiary, Reliance Cementation, is developing two cement plants of 5 million tonnes each in Yavatmal, Maharashtra and Satna, Madhya Pradesh.

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.