Mumbai, Apr 16: Reliance Energy Ltd. has posted a net profit of 1037.90 million rupees for the quarter ended March 31, 2004 as compared to a net profit of 250.70 million rupees for the quarter ended March 31, 2003. Total Income has increased from 6468.70 million rupees in MQ-03 to 8765.60 million rupees in MQ-04, the company informed the Bombay Stock Exchange.

The Company has posted a net profit of 3741.20 million rupees for the year ended March 31, 2004 as compared to a net profit of 1218.70 million rupees for the year ended March 31, 2003. Total Income has increased from 27592.90 million rupees in FY-03 to 35827.80 million rupees in financial year 2004. The company announced a final dividend of 1.50 rupees per share, thereby making the total dividend paid by the company for 2003-04 (April-March) to 4.50 rupees per share. The company said the payment of final dividend is subject to shareholders' approval at the annual general meeting to be held on June 9. The board also approved the inclusion of enabling resolutions for issuance of preference shares and securities in the international market. Bureau Report