Torrent Power's consolidated net profit almost doubled to Rs 205.98 crore in the quarter ended December 31, 2017 compared to the year-ago period.
The company's consolidated net profit for the quarter ended December 31, 2016 was Rs 107.14 crore, Torrent Power said in a BSE filing today.
The company's consolidated net profit in the April- December period this fiscal was Rs 730.87 crore compared to Rs 293.70 crore earlier.
The board also approved appointment of Samir Mehta, who is currently Vice-Chairman of the company, as Executive Chairman for a period of five years from April 1, 2018.
Sudhir Mehta will continue to be Chairman of the company till March 31, 2018. He will continue as permanent director of the company and offered a position of Chairman Emeritus.
The board also appointed Jinal Mehta as Managing Director for five years from April 1, 2018.
It also approved appointment of Sanjay Dalal as Chief Financial Officer of the Company from May 30, 2018 consequent to the relinquishment of such position by T P Vijayasarathy with the closing hours of May 29, 2018.
Disclaimer: No Business Standard Journalist was involved in creation of this content
