Reliance Industrial Infrastructure shellacked on muted growth

Reliance Industrial Infrastructure reported a muted growth of 5.20per cent in net profit at Rs 4.69 crore in the first quarter ending June 2006, as compared to Rs 4.46 crore in the same period in 2005.

Net sales during the period declined 2.90per cent, to Rs 13.77 crore in '06 from Rs 14.18 crore in the same period in 2005.

Reliance Industrial Infrastructure is chiefly into construction.

The company can run trains on category-I routes, which are being managed by the Container Corporation of India (Concor). They include all existing and future inland container depots (ICDs) linking the Jawaharlal Nehru Port Trust, Mumbai Port Trust, National Capital Region, Pipavav Port, Mundra Port, Kandla Port, Chennai Port, Ennore Port, Visakhapatnam Port, Kochi Port, New Mangalore, Tuticorin, Haldia Docks System, Kolkata Port, Paradip Port and Mormugao.

As per the latest shareholding pattern till 31 March 2006, Reliance Industries (RIL) holds 46.23per cent of the paid-up equity share capital of the company, which is Rs 15.10 crore.