Latest News | PGCIL Net Dips 2.2pc to Rs 3,292 Cr in Dec Quarter

New Delhi, Feb 9 (PTI) State-run Power Grid Corporation of India Ltd's consolidated net profit declined by 2.2 per cent to Rs 3,292.97 crore in the October-December quarter compared to the year-ago period.

The company had reported a consolidated net profit of Rs 3,367.71 crore in the quarter ended on December 31, 2020, a BSE filing said.

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Total income of the company rose to Rs 10,723.61 crore in the quarter from Rs 10,359.48 crore in the same period a year ago.

PGCIL said that its board in a meeting held on Wednesday has declared an interim dividend of Rs 5.50 per share (face value of Rs 10 each) for 2021-22.

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Earlier, the company board in its meeting held on 15 December 2021, had declared an interim dividend of Rs 7 per share (including special dividend of Rs 3 per share) (face value of Rs 10 each) for 2021-22 and subsequently paid on January 11, 2022.

PGCIL is mainly engaged in the business of power transmission.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)