State-run Power Grid Corp has recorded a 40 per cent jump in net profit to Rs 1,129 crore for the quarter ended December 2012, as compared to Rs 809 crore in the corresponding period last fiscal. The profit was mainly due to increased transmission charges and payments which were received from previous wage revision arrears. In the 2012 December quarter, the company's total income surged to Rs 3,490 crore. Power Grid Director (Finance) R T Agarwal said, "This quarter the firm benefitted from receiving the payment of wage arrears, that were cleared during 2007-09 period". The net sales also came in which was above expectations. This lead to a rise of more than 36 per cent to Rs 3,362 crore from Rs 2,467 crore during the same period. The company raked in transmission charges to the tune of Rs 3,238 crore in the latest December quarter compared to Rs 2,340 crore in the same period a year ago. R N Nayak, Power Grid CMD announced the results and said that the company is actively looking for business opportunities within the country as well as overseas. The company would soon enter into a $16 mn contract with Ethiopian Electric Power Corp.
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine
Pls invite me all auction in gujarat
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors.....
pls call +910842559230