Power Grid Corporation Of India Ltd.

Power Grid Corporation of India has reported results for second quarter ended September 30, 2013.

The company has reported 10.06% rise in its net profit after tax at Rs 1239.20 crore for the quarter ended September 30, 2013 as compared to Rs 1125.89 crore for the same quarter in the previous year. Total income of the company has increased by 26.57% at Rs 4104.43 crore for quarter under review as compared to Rs 3242.75 crore for the quarter ended September 30, 2012.

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.