R Infra full-year net rises 2% at Rs 1,552 cr

Our Bureau Mumbai | Updated on May 27, 2011


Reliance Infrastructure on a consolidated basis, has posted a 2.17 per cent rise in net profit at Rs 1,552 crore for the year ended March 31, 2011, as against Rs 1,519 crore logged in the previous year.

Total income rose four per cent at Rs 15,408 crore from Rs 14,864 crore.

The Reliance Infra board has recommended a dividend of Rs 7.20 per share on fully paid-up equity shares of Rs 10 each.

R Infra said that its engineering, procurement and construction order book was Rs 29,635 crore.

The company is developing 11 road projects totalling 970 km worth Rs 12,000 crore. Three are operational and seven would be operational in nine months, it said.

Mumbai Metro Rail Line 1 is scheduled to be commissioned in Q4 FY12, while Metro Rail Line 2 has achieved financial closure. The project is slated for completion in 2016.

The company said it has bought back 18 lakh shares worth Rs 115 crore.

On Friday, R Infra scrip was up 3.85 per cent at Rs 557.15 on the BSE.

Published on May 27, 2011

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