RInfra posts consolidated net profit of Rs 41 cr in Q4

RInfra posts consolidated net profit of Rs 41 cr in Q4

Anil Ambani-led Reliance Infrastructure today reported consolidated net profit of Rs 40.94 crore for the March quarter against a net loss of Rs 327.41 crore a year ago.

The company’s total income for the January-March 2017 declined to Rs 6,145 crore from Rs 6,910 crore a year-ago.

“It was an encouraging quarter. The infrastructure sector, which had been through trouble is now starting to pick up. We have already bagged two orders worth Rs 4,386 crore in the last four months in the EPC business and going forward we continue to see a similar trend,” RInfra CEO Lalit Jalan told reporters here.

The company won an EPC contract for setting-up two 250 MW thermal power plants worth Rs 3,675 crore in Rajasthan from Neyveli Lignite Corporation and a Rs 711 crore road project from NHAI in Tamil Nadu. Read more

Credits: thehindubusinessline.com

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