Gujarat Industries Power Company has announced the results for the year ended March 31, 2011.
The company has posted a net profit of Rs 162.95 crore for FY11, surged by 52.60% as compared to Rs 106.78 crore in the last year. Net sales/ income from operation has increased by 14.78% to Rs 1077.95 crore for the year from Rs 939.12 crore in last year.
Gujarat Industries Power Company has recommended payment of dividend of Rs 2.50 per equity share or 25% for the financial year 2010-11.