Reliance Industrial Infrastructure, a Reliance group entity, has reported a 2.7% rise in profit to Rs 17.47 crore for the year ended March 31, 2005 against Rs 17 crore in 2003-04.The company's income from operations jumped from Rs 43.81 crore in FY-04 to Rs 53.01 crore for the year ended March 31, 2005.The board has recommended a dividend of Rs 3.20 per equity share for 2004-05, the company said in a statement today. The company revalued its transport facility and monitoring system for petrochemical products in 1997-98.Consequent to revaluation, there is an additional depreciation of Rs 2.16 crore for the year ended March 31, 2005 and equivalent amount has been withdrawn from general reserve, it added.
