Transmission utility Power Grid Corporation of India posted a net profit of Rs 1,367 crore for the first quarter this financial year, an increase of 20 per cent compared with Rs 1,137 crore reported in the year-ago period. Turnover for the period rose to Rs 4,788 crore, up by 17 per cent from Rs 4,075 crore in the corresponding year-ago period. On a standalone basis, the company registered a net profit of Rs 4,979 crore.
At present, the company is perating over 117,600 ckt kms of transmission lines along with 197 sub-stations and transformation capacity of about 239,000 MVA. The average availability during the quarter was 99.79 per cent.
PGCIL Q1 net profit rises 20% at Rs.1,367 cr
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