Power Grid Corporation of India (PGCIL) has reported results for the quarter ended September 30, 2011.
The company has posted a net profit of Rs 709 crore for the second quarter of FY 2011-12, an increase of 9% against Rs 651 crore reported during the corresponding quarter ended September 30, 2010. Total income for July-September, 2011 rose to Rs 2,459 crore, up 11% from Rs 2,223 crore last year.
PGCIL is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India. GoI holds 69.42% stake in PGCIL as on March 31, 2011.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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