Reliance Power Q1 cons net profit up at Rs 196 cr

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Reliance Power Q1 cons net profit up at Rs 196 cr

Net profit of Reliance Power, an arm of Anil Dhirubhai Ambani Group, increased to Rs 196 crore in first quarter of FY12 as against Rs 195 crore in the corresponding quarter last fiscal.

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Net profit of Reliance Power , an arm of Anil Dhirubhai Ambani Group, increased to Rs 196 crore in first quarter of FY12 as against Rs 195 crore in the corresponding quarter last fiscal.

Consolidated net sales shot up 290% to Rs 541.8 crore from Rs 139 crore year-on-year. 

However, other income declined to Rs 147 crore from Rs 262 crore during the period.

Reliance Power has received approval for 12.3 million carbon credits. Company said carbon credits would generate over Rs 3,000 crore in 10 years.