Central transmission utility PowerGrid Corp today said its net profit for the quarter ended June 30, grew marginally to Rs 705 crore against Rs 703 crore in the same period previous fiscal.
However, the total income of the company rose over 11% at Rs 2,044.14 crore as against Rs 1,837.16 crore in the corresponding period of the previous fiscal, the company informed the Bombay Stock Exchange (BSE).
PowerGrid Corp plans to invest Rs 55,000 crore for adding 37,000 MW of inter-regional electricity transmission capacity in the country during the 11th Five-Year Plan (2007-12).
Shares of PowerGrid Corp closed at Rs 107.75, up 0.23% on the BSE.