Power Grid Q2 net profit almost flat at Rs 3,793 crore

Power Grid on Wednesday said its consolidated net profit stood almost flat at Rs 3,793.02 crore in the July-September quarter of this financial year
Power Grid Q2 net profit almost flat at Rs 3,793 crore
Power Grid Q2 net profit almost flat at Rs 3,793 crore
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New Delhi: State-owned Power Grid Corporation of India (PGCIL) on Wednesday said its consolidated net profit stood almost flat at Rs 3,793.02 crore in the July-September quarter of this financial year.

The company had reported a consolidated net profit of Rs 3,781.42 crore in the quarter ended on September 30, 2023, the company said in a regulatory filing.

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Total income of the company rose to Rs 11,845.93 crore in the quarter under review from Rs 11,530.43 crore in the same period a year ago.

The board also approved payment of first interim dividend of Rs 4.50 per equity share of Rs 10 each for the financial year 2024-25.

Power Grid Q2 net profit almost flat at Rs 3,793 crore
Power Grid bags new transmission project in Gujarat

The board also approved the proposal to sell, assign, transfer 26 percent residual equity shareholding in four associate companies -- POWERGRID Kala Amb Transmission, POWERGRID Parli Transmission, POWERGRID Warora Transmission and POWERGRID Jabalpur Transmission to POWERGRID Infrastructure Investment Trust (PGInvIT).

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