NEEPCO half yearly profit nearly doubles to Rs 342 cr

State-run North Eastern Electric Power Corporation today reported a 96 per cent surge in net profit at Rs 341.62 crore in the six months period ended March 31.
The company had posted a net profit of Rs 174.18 crore in the same period a year ago, the company said in a BSE filing.
According to the statement, the company's income from operations increased to Rs 864.19 crore in the second half of 2015-16 fiscal compared with Rs 855.48 crore in the year-ago period.
In the entire fiscal, the company's net profit stood at Rs 438.68 crore as against Rs 318.53 crore in the previous fiscal.

Electricity generation is the principal activity of the corporation. Other operations like interest income from power bond investment does not form a reportable segment as per the the Accounting Standard 17.