Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
18 May, 2024 15:21 IST
Power Grid proposes to infuse fresh equity in Joint Venture
Source: IRIS | 12 Aug, 2021, 06.15PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

Power Grid Corporation of India, a leading power transmission company in India, on August 12 said that the company approved proposal to infuse fresh equity of up to Rs 4,250 million in the Joint Venture (JV) company.

"The board of directors in its 394th meeting approved proposal to infuse fresh equity of up to Rs 4,250 million in Energy Efficiency Services (EESL), a Joint Venture Company of Power Grid, NTPC, PFC and REC," the company said.

The company reported a nearly three-fold jump in consolidated net profit at Rs 59,982.8 million in the June quarter, mainly on the back of higher revenues. The consolidated net profit stood at Rs 20,484.2 million in the year-ago period. Total income of the company rose to Rs 103,916.1 million in the June quarter from Rs 98,167.2 million in the same period a year ago.

Shares of the company gained Rs 10.95, or 6.22%, to settle  at  Rs 187.05.  The total volume of shares traded  was 3,086,450 at  the BSE (Thursday).

 Post Comment
Name Email
Security Code type    into this box
Related Articles
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer