New Delhi, May 27 (IANS): Reliance Power part of the Anil Dhirubhai Ambani Group (ADAG) Friday said its total income had risen by a whopping 124 percent at Rs.1,892.47 crore for the fiscal ended March 31 while its net profit rose by 11 percent at Rs.760.44 crore.

The robust results led to shares of the company soaring 7.6 percent to an intra-day high of Rs.119 at the Bombay Stock Exchange.

The first phase of the Rosa Power Plant (600 megawatt) in Uttar Pradesh became fully operational during the year and registered an operating profit of Rs.416 crore, Reliance Power said in a regulatory statement.

The second phase of the plant is on track for being commissioned ahead of schedule by March 2012.

Another 600 megawatt at its Butibori Power Plant in Maharashtra and the first unit at the 3,960 MW Sasan ultra mega power project would also be commissioned ahead of schedule.

"Reliance Power has the capacity to increase over 8 times from 600 megawatt to 5,000 megawatt in the next 18 months," the company said in the statement.

It expects to begin coal production in 2012 in Sasan, ahead of the commissioning of the power plant.

"The project got registered with CDM-EB allowing it to earn 2.25 million certified emission reduction (CER) credits per year estimated to be worth over Rs.2,000 crore over 10 years," it added.

CDM-EB stands for Clean Development Mechanism Executive Board, which supervises the Kyoto Protocol's clean development mechanism is the sole point of contact for the registration of projects and issuance of CERs.

The company also said that its 2,400 MW Samalkot gas-based power project, one of the country's largest such projects, was progressing ahead of schedule and all gas turbines would be commissioned before end of this year.

Reliance Power also received approval for the mine plan from Tilaiya coal mines in Jharkhand to produce about 40 million tonne per annum.