Thursday 6 February 2014

Power Grid Corporation of India reports 7.71% fall in Q3 net profit

Power Grid Corporation of India has reported results for third quarter ended December 31, 2013.

The company has reported 7.71% fall in its net profit at Rs 1042.04 crore for the quarter, as compared to Rs 1129.06 crore for the same quarter in the previous year. However, total income of the company increased by 8.86% at Rs 3799.31 crore for quarter under review as compared to Rs 3490.22 crore for the quarter ended December 31, 2012.

Power Grid is engaged in bulk power transmission and its responsibility include planning, coordination, supervision and control over inter-State transmission system and operation of National and Regional Power Grids.

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