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New Delhi, July 20

Power distribution equipment maker Areva T&D today reported a 53 per cent jump in operating profit at Rs 58 crore for the quarter ended June 30.The company’s sales for the quarter stood at Rs 389 crore, up 19 per cent from the corresponding quarter last fiscal, Areva said in a statement. The company attributed the improved performance to the sustained progress in portfolio and sourcing optimisation, capacity increase and improved process efficiency. “We are positioning the company so as to grasp the future growth of the Indian market. This has increased the company’s order intake by 22 per cent on a like-to-like basis compared to Q1 of 2006,” Areva T&D Chief Financial Officer, Mr Karim Vissandjee, said in the statement.

— Our Bureau

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