CESC FY05 net up 86%, to raise $60mn

CESC today reported a 86% increase in net profit at Rs 160 crore for the year ended March 31, 2005 as against Rs 86 crore in FY04.

According to a release issued by the company to the BSE today, total income declind to Rs 2,386 crore in FY05 from Rs 2,416 crore in FY04.

The board today also cleared a proposal to raise $60 million by issuing FCCBs/GDRs.