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Power Grid Corp inches up as board clears 7 new projects

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The company made the announcement after market hours on Friday, 5 April 2013.

Meanwhile, the S&P BSE Sensex was up 5.61 points or 0.03% at 18,455.84.

On BSE, 2,649 shares were traded in the counter as against average daily volume of 3.61 lakh shares in the past two weeks.

The stock hit a high of Rs 105.75 and a low of Rs 104.25 so far during the day.

Power Grid Corporation of India's net profit jumped 39.5% to Rs 1129.06 crore on 36.3% growth in net sales to Rs 3361.67 crore in Q3 December 2012 over Q3 December 2011.

State-run Power Grid Corporation of India was incorporated in 1989 for transmission of electric power across the country. The Government of India (GoI) holds 69.42% stake in the company (as per the shareholding pattern as on 31 December 2012).

 

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First Published: Apr 08 2013 | 9:17 AM IST

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