Mumbai, Apr 24 Anil Ambani group firm Reliance Natural Resources Ltd, engaged in sourcing, supplying and transporting fuels, today posted a jump of 4.32 per cent in its consolidated net profit at Rs 71.54 crore for the fiscal ended March 31, 2009.
The firm had a net profit of Rs 68.58 crore for the financial year ended March 31, 2008, the company said in a statement.
Reliance Natural Resources Ltd's (RNRL's) total income is up by 13.47 per cent at 416.78 crore in 2008-09 compared to Rs 367.30 crore in the year-ago period.
On a standalone basis, the company posted a 1.86 per cent rise in net profit at Rs 69.87 crore for the year ended March 31, 2009, as compared to Rs 68.59 crore last year.
During the quarter ended March 31, 2009, Reliance Cement Resources Pvt Ltd became a step-down subsidiary of RNRL.
Reliance Cement Resources Pvt Ltd is a subsidiary of Reliance Cementation, which in turn is a subsidiary of RNRL.
RNRL is engaged in the business of sourcing, supplying and transportation gas, coal and liquid fuels. It has been awarded four coal bed methane (CBM) blocks with an acreage of about 3,251 sq km.
It has also been awarded an oil and gas block in Mizoram of about 3,619 sq km under the sixth round of the New Exploration Licensing Policy (NELP-IV) for exploring and producing oil and gas. The company has received PEL for this oil and gas block and operations are on.
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