Power Grid Corporation of India Ltd (PGCIL) reported a 4% decline in its consolidated net profit for the December 2024 quarter, standing at ₹3,861.63 crore, compared to ₹4,028.25 crore in the same period last year. The company’s total income also fell slightly to ₹11,743.06 crore from ₹11,819.70 crore in the corresponding quarter of the previous fiscal.
Despite the dip in profit, PGCIL managed to reduce expenses to ₹6,828.65 crore, down from ₹7,076.49 crore a year ago. The company’s board approved a second interim dividend of ₹3.25 per equity share (32.50% of paid-up equity capital) for FY 2024-25, with payment scheduled for February 28, 2025.
Additionally, the board approved an investment of ₹370.02 crore for the implementation of LILO (Loop In Loop Out) of both circuits of the 400kV Vindhyachal Power Station–Sasan Direct Current (D/C) line at the Hindalco Switchyard. This move aligns with PGCIL’s ongoing efforts to strengthen India’s power transmission infrastructure.
