PowerGrid posts Rs 2041 cr profit

GK NEWS NETWORK

Srinagar, May 31: Power Grid Corporation of India Limited (POWERGRID), a Navratna PSU and the Central Transmission Utility of the Country, has reported a net profit of Rs.2041 crore for 2009-10, representing a 21 per cent rise as compared to the previous year’s profit of Rs.1691 crore.
 The turnover of the company rose to Rs 7,504 crore from Rs 6,139 crore up by 22 per cent, the company in an e-mail to Greater Kashmir said.
 Giving details it said in FY10 the company’s earnings per share (EPS) increased to Rs.4.85 as compared to an EPS of Rs.4.02 for previous fiscal.
 The Book Value also grew from 34.73 to 37.81 for FY10. POWERGRID achieved an increase in capital expenditure from Rs 8,167 crore in the last year to Rs 10,586 crore.
 POWERGRID operated around 75,289 ckt kms of transmission lines along with 124 sub-stations as on March 31, 2010.
 Average availability of transmission systems during the year 2009-10 was maintained at 99.77 per cent with the use of state-of-the-art preventive maintenance techniques. POWERGRID continues to wheel about 50 per cent of total power generated in the country through its transmission network.

Lastupdate on : Mon, 31 May 2010 21:30:00 Makkah time
Lastupdate on : Mon, 31 May 2010 18:30:00 GMT
Lastupdate on : Tue, 1 Jun 2010 00:00:00 IST



  • del.icio.us
  • StumbleUpon
  • Digg
  • TwitThis
  • Mixx
  • Technorati
  • Facebook
  • NewsVine
  • Reddit
  • Google
  • LinkedIn
  • YahooMyWeb
  • Print News
  • YahooMyWeb

Code Image  Load New Code
Enter the Security code exactly as you see it in the image security code is CaSe SeNsItIvE(Cookies must be enabled)
  • MORE FROM BUSINESS

  • Kashmir

High Court quashes dismissal of 2 cops

SAMAAN LATEEF

Srinagar, May 31: High Court has quashed the dismissal order of two policemen who were arrested allegedly for carrying ammunition in an official vehicle.  Head constables Bashir Ahmad and Mullack More


  • Srinagar City

World No-Tobacco Day observed

GK NEWS NETWORK

Srinagar, May 31: Members of the civil society including students, social activists, media-persons, NGOs, and government officials on Monday resolved to fight the menace of tobacco and smoking  during More



  • Jammu

Govt begins process of KPs’ return to valley

1,237 applications received from Srinagar, none from Bandipore

GK NEWS NETWORK

Jammu, May 31: With more than 4,000 displaced families of Kashmiri Pandits wishing to return to their homes, the government today began the process to facilitate the return of the community to the Valley More


  • South Asia

Resolution of issues must for peace: Nawaz

GK NEWS NETWORK

Islamabad, May 31: The former Prime Minister of Pakistan and the chief patron of Pakistan Muslim League-N, Mian Muhamad Nawaz Sharief, on Monday said that India and Pakistan would have to resolve all outstanding More


  • Business

Retrieved land in Zainakote IE again falls to grabbers

Unit holders demand immediate fencing, authorities pass the buck

RABIA NOOR

Srinagar, May 31: It is a case of back to square one. Barely a few days after authorities retrieved some land from encroachers in Zainakote Industrial Estate, the land grabbers, according to the unit holders More


  • World

15 Palestinian activists killed

ISRAELI COMMANDOS STORM SHIPS

PRESS TRUST OF INDIA

Jerusalem, May 31: Israeli naval commandos stormed a six ship convoy carrying hundreds of pro-Palestinian activists on an aid mission to blockaded Gaza strip killing at least 10 people and wounding 60 More


ADD
Designed Developed and Maintaned By Imobisoft Ltd /Algosol Software Solutions