Reliance Comm Ventures reports Rs 310 crores profit

Posted on | February 21, 2006 |

Giving a facelift to his telecom venture ahead of its March listing, Reliance Communication Ventures Ltd has kicked off a series of measures, writing off crores of rupees worth bad debts and announcing a whopping Rs 310 crore as net profit for the quarter ending December 2005.

RCVL is the holding company of Anil Dhirubhai Ambani Group’s communication businesses which includes Reliance Infocomm and Reliance Communications Infrastructure.

The company posted a net profit of Rs 51 crore on a turnover of Rs 5,387 crore in

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