Power Grid Corporation of India Limited (POWERGRID), has posted a net profit of 1,930 crore for the third quarter of FY 2016-17 (Oct-Dec, 2016), an increase of 20% against 1,606 crore reported during the corresponding quarter ended December 31, 2015. Total Income (Turnover) for third quarter (Oct-Dec, 2016), rose to 6,788 crore, up by 24% from 5,477 crore in the corresponding year-ago period. For the nine month period (Apr-Dec, 2016), Total Income and Profit After Tax were 19,527 crore and 5,604 crore respectively both up by 28% from the Total Income and Profit After Tax reported during corresponding year-ago period. During the current financial year i.e. 2016-17, POWERGRID has added about 4,600 ckm of transmission lines; seven substations and an aggregate transformation capacity of about 24,000MVA between Apr16 to Dec16.
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