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Construction : Power Update | September 2015 | Source : CW-India

Tata Power Q1 net rises

Tata Power Company clocked higher net profit of Rs 241 crore for the quarter ending June 30 on the back of increase in revenues and reduction in cost of fuel. In the comparable quarter of the previous year, the company reported a loss of Rs 111 crore. Income from operations increased 5 per cent to Rs 9,111 crore. Revenue from the coal business stood at Rs 2,006 crore, a marginal drop of 4 per cent. The business is facing pressure due to a decline in global coal prices.
Contact: Tata Power.
Tel: 022-6665 8282.
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