Power utility CESC Ltd on Friday reported a year-on-year rise of 5.94 per cent in net profit to Rs 107 crore for the three-month period ended December 31, 2013.

Net sales jumped 16.05 per cent to Rs 1,186 crore in the October-December quarter of 2013, from Rs 1,022 crore in the corresponding period of the previous year.

Average peak load factor jumped 1.8 per cent to 92.7 per cent during the quarter under review.

The city-based power utility also said that it expected its 600MW Haldia project to complete ahead of schedule, though the company would suffer higher costs due to volatility in the domestic currency.

CESC Chairman Sanjiv Goenka said, "We are going ahead of the schedule for the Haldia power plant. In the first phase we will commission 300 MW by October-November, as compared to the deadline of February-March."

Speaking about the vitality in the Indian rupee, he said when the project was started, the domestic currency was at 45-46 levels per US dollar, and now the same currency is hovering at around 63 per US dollar.

Goenka also revealed that the company has signed a power purchase agreement with Tamil Nadu State Electricity Board (TNSEB) for 100 MW of electricity which would come from the company's Chandrapur project.