UPRVUNL posts over Rs 300 crore net profit for FY-11

LUCKNOW: State-owned Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited appears to have made a remarkable turnaround, posting a net profit of over Rs 300 crore for the financial year ended March, 2011.

Provisional profit before tax of the company which was ailing for the 2010-11 financial year was Rs 349.58 crore, UPRVUNL officials said, adding that the company registered a good performance in the past two years and achieved a complete turnaround.

They said enhanced spending on the overhaul of generation units improved the company's performance, thereby increasing profits.