Power Grid Corporation of India Limited has posted a net profit of Rs. 2,141 crore for the second quarter of FY 2017-18 (Jul-Sep, 2017), an increase of 14% against Rs. 1,872 crore reported during the corresponding quarter ended September 30, 2016.
Total Income (Turnover) for second quarter (Jul-Sep, 2017) rose to Rs. 7,492 crore, up by 16% from Rs. 6,480 crore in the corresponding year ago period.
Income for first half of financial year FY18 rose to Rs. 14,882 crore, an increase of 17% over Rs. 12,739 crore reported last year.
On a standalone basis, POWERGRID had registered a net profit of Rs. 7,520 crore on a turnover of Rs. 26,581 crore in the FY 2016-17.
During the second quarter of the current financial year i.e. 2017-18, POWERGRID has added about 2,260 ckm of transmission lines; four substations and aggregate transformation capacity of ~ 17,500 MVA.