Net profit of the company rose 23.31% to Rs162.36 crore for the quarter ended December 31, 2010 as against Rs131.67 crore for the quarter ended December 31, 2009.Sales rose 12.28% to Rs3,151.17 crore for the quarter ended December 31, 2010 as against Rs2,806.56 crore for the quarter ended December 31, 2009.
For the unaudited full year, net profit reported to Rs757.29 crore for the year ended December 31, 2010. Sales reported to Rs14,677.67 crore for the year ended December 31, 2010.The company has extended the current accounting year by 3 months and the values given for the current full year ended December 2010 is for a period of 15 months. Hence, the full year is not comparable.
• Union Bank board meeting on February 23 to consider issue of shares on preferential basis to Government of India
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• Tata Power subsidiary issued non-convertible debentures worth Rs 1,200 crore
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