PowerGrid net up 37% at over Rs 809 cr

Revenues of the company grew over 20 percent at Rs 2,466.62 crore, as against Rs 2,052.12 crore in the October-December quarter of 2010-11.

FP Archives|Dec 20, 2014, 06:27:23 IST

New Delhi: Central Transmission Utility PowerGrid Corp today reported 37 percent jump in net profit at Rs 809.23 crore for the quarter ended 31 December.

The company posted profit of Rs 591.19 crore during the same quarter of last financial year, PowerGrid Corp said in a filing to the BSE.

Revenues of the company grew over 20 percent at Rs 2,466.62 crore, as against Rs 2,052.12 crore in the October-December quarter of 2010-11.

Rashtriya Ispat Nigam Ltd (RINL), the holding company of Visakhapatnam Steel Plant (VSP), and PowerGrid Corp signed an MoU in December 2011 to set up a joint venture company.

The new company will manufacture transmission line towers and their parts, and also undertake research and development of high-end products.

The JV will bring synergy between the producer (RINL) and user (PowerGrid).

Shares of PowerGrid closed at Rs 107.65, down 0.05 percent on the BSE.

PTI

BCCI earned more than Rs 2,400 crore in IPL 2022, reveal documents

Annual reports for the five years to 2021-22, published on the BCCI website Thursday, showed the board had amassed a surplus of Rs 320 billion ($2.7 billion) as of April 2022. That year’s edition of the IPL saw a net income of $292 million.

Eight Russian judokas barred from world championships after Ukraine boycott

The Russian judokas were barred following Ukraine's boycott over the presence of Russian athletes it argued were active soldiers.

Old video of Donald Trump listening to Taylor Swift’s ‘Blank Space’ takes over internet; watch

Back in 2012, Donald Trump, taking to his Twitter termed Taylor Swift “terrific” after the American singer was named the co-host for the Grammy nominations special.

SA20: Ex-New Zealand all-rounder Jacob Oram appointed MI Cape Town bowling coach

Oram, who represented the Black Caps in 33 Tests, 160 ODIs and 36 T20Is, has also played in the Indian Premier League where he represented the Mumbai Indians in his final season.

FIFA World Cup: Morgan Freeman, Jung Kook headline day one before Ecuador defeats hosts Qatar

A glittering opening ceremony was highlighted by the presence of Hollywood actor Morgan Freeman and Korean singer Jung Kook.

Up Next