https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

PGCIL Reports 4% Profit Decline in Q3, Announces Rs 3.25 Interim Dividend

Power Grid’s net profit fell to ₹3,861.63 crore in Q3 FY24, while the board approved a ₹370.02 crore investment in transmission infrastructure and a ₹3.25 per share interim dividend.
Indian Masterminds Stories

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.


Indian Masterminds Stories
Related Stories
NEWS
Bihar Government-resized-IM
9 IAS Officers Reshuffled in Bihar, Ajay Yadav Made Secy, Education Department
NALCO-resized
NALCO Hosts All India Vendor Meet 2025 to Strengthen Procurement Ecosystem
SAIL resized
SAIL Reports Revenue Growth and Improved EBITDA in Q3 FY25
CRPF_resized
West Bengal Cadre IPS Officers Annappa E and Awadhesh Pathak Appointed as DIGs in CRPF
delhi-government-resized
Civil Servants Breathe Easy After BJP-AAP Quagmire Ends in Delhi
NREL NTPC Renewables Limited
NTPC Renewables Hosts Lenders Meet to Strengthen Financial Partnerships for 60 GW RE Target
PFC logo resized
Power Finance Corporation Reports 23% Surge in Q3 Net Profit, Declares Interim Dividend
BPCL_resized
BPCL Signs Strategic Crude Oil Supply Agreement with Petrobras
Videos
K jairaj
K. Jairaj: A Bureaucrat Who Believed in Impact Over Transfers
Vivek Mehrotra, IAS
No One Can Pressurise An IAS Officer, If He Sticks To These Five Principles
Harsimran Singh Cheema
9 Years, Countless Setbacks, 1 Dream: Harsimran Singh Cheema’s UPSC to IFS Story
ADVERTISEMENT
Latest
Bihar Government-resized-IM
9 IAS Officers Reshuffled in Bihar, Ajay Yadav Made Secy, Education Department
NALCO-resized
NALCO Hosts All India Vendor Meet 2025 to Strengthen Procurement Ecosystem
ADVERTISEMENT
Videos
K jairaj
Vivek Mehrotra, IAS
Harsimran Singh Cheema
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT