Torrent Power Posts Profit of Rs 70 Crore in Q3
Torrent Power on Saturday reported consolidated net profit of Rs 69.81 crore for the quarter ended December 2014.
However, the company had registered a net loss of Rs 35.51 crore for the corresponding period a year ago, it said in a filing to the BSE.
Total income from operations increased to Rs 2,542.84 crore as against Rs 2,005.10 crore in the same quarter of last financial year.
Torrent Power further said that its board had in May last year approved an amalgamation of Torrent Energy and Torrent Cables with itself.
“Central Electricity Regulatory Commission vide its order dated January 7, 2015 accorded approval to Torrent Energy Ltd… for merger with Torrent Power Ltd,” it said.