Power Grid Corporation rose 3.01% to Rs 179.80 at 12:56 IST on BSE after the company in its Q1 earnings presentation stated that it is implementing projects aggregating Rs 1.44 lakh crore.
Meanwhile, the S&P BSE Sensex was up 145.27 points or 0.52% at 28,150.64.
On BSE, so far 5.27 lakh shares were traded in the counter as against average daily volume of 4.20 lakh shares in the past one quarter. The stock hit a high of Rs 180.45 and a low of Rs 176.75 so far during the day. The stock had hit a record high of Rs 183.05 on 16 August 2016. The stock had hit a 52-week low of Rs 120.75 on 10 September 2015. The stock had outperformed the market over the past one month till 17 August 2016, advancing 6.24% compared with 0.61% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 20.8% as against Sensex's 8.66% rise.
The large-cap company has equity capital of Rs 5231.59 crore. Face value per share is Rs 10.
Power Grid Corporation (PGCIL) in its post-result Q1 June 2016 investor presentation issued to the stock exchanges after market hours yesterday, 17 August 2016, said it had approved investment proposals worth about Rs 22874 crore in Q1 June 2016. The company awarded contracts worth about Rs 11433 crore during the quarter. The company has ongoing projects worth about Rs 1.13 lakh crore as of July 2016. The company has identified new projects worth about Rs 15000 crore as of July 2016. Total works in hand stood at about Rs 1.44 lakh crore as of July 2016.
PGCIL has a planned capital expenditure of Rs 22550 crore for the current financial year (FY 2017) of which it had spent Rs 5585 crore till June 2016.
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PGCIL's net profit rose 32.9% to Rs 1801.77 crore on 29.4% growth in net sales to Rs 6069.06 crore in Q1 June 2016 over Q1 June 2015. The company announced the results during market hours on 16 August 2016.
State-run Power Grid Corporation of India is an electric power transmission utility company. Government of India currently holds 57.9% stake in the firm (as per the shareholding pattern as on 30 June 2016).
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