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Hyderabad, July 25 GVK Power and Infrastructure Ltdhas recorded a turnover of Rs 99.50 crore with a profit of Rs 13.20 crore for the first quarter ended June 30, 2007 as against revenues of Rs 72.60 crore and a net profit of Rs 6.70 crore for the corresponding quarter last year.

This reflects a growth of 37 per cent in revenues and 97 per cent in profit over the corresponding quarter.

In a statement, GVK Power said that the plant load factor (PLF) of its operating subsidiary — GVK Industries Ltd, stood at 83 per cent as against a PLF of 72 per cent in the corresponding quarter of last year.

The company said its petition filed with the Delhi High Court for the proposed merger of Bowstring Projects & Investments Private Ltd, and Green Garden Horticulture Private Ltd, with the company (effective April 1, 2006) was awaiting court nod.

Therefore, these results do not include adjustments that would be required to give effect to the merger as the matter was awaiting court approval.

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