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Kolkata Jan 31 CESC Ltd has recorded a 65 per cent increase in net profit during the third quarter of fiscal 2006-07. The company's net profit during the October-December 2006 period rose to Rs 61 crore compared with Rs 37 crore recorded during the corresponding period of 2006.

According to a CESC press release, the company recorded a total income of Rs 615 crore during Q3 of the current fiscal (Rs 598 crore). The profit before tax was Rs 69 crore (Rs 40 crore).

The release states that the improved financial results were achieved despite a drop in tariff. The company has attributed the improved performance to growth in sales, increase in the plant load factor and reduction in interest cost among other factors.

Financial closure for Budge Budge Unit 3 (250 MW) was achieved during the quarter and BHEL has been awarded the main EPC contract.

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