Power Grid Corporation Of India Ltd.

Power Grid Corporation of India has reported results for third quarter ended December 31, 2011.

The company has posted a growth of 36.88% in its net profit of Rs 809.23 crore for the quarter ended December 31, 2011 as compared to Rs 591.19 crore for the same quarter in the previous year. Total income has surged by 20.09% from Rs 2145.23 crore for Q3FY11 to Rs 2576.20 crore in the quarter under review.

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.