Power Grid Corporation Of India Ltd.

Power Grid Corporation of India has reported results for first quarter ended June 30, 2014.

The company’s net profit has surged by 9.24% at Rs 1136.51 crore as compared to Rs 1040.34 crore for the quarter ended June 30, 2013. The company’s total income has increased by 12.13% to Rs 4075.11 crore for the quarter under review from Rs 3634.03 crore for the corresponding quarter of the previous 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.