Power Grid Corporation Of India Ltd.

Power Grid Corporation of India (PGCIL) has reported results for first quarter ended June 30, 2013.

The company has registered a rise of 19.56% in its net profit at Rs 1040.34 crore for the quarter under review as compared to Rs 870.11 crore for the same quarter in the previous year. The total income of the company has increased by 21.93% at Rs 3634.03 crore for Q1FY14 as compared to Rs 2980.27 crore for the corresponding quarter 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.