Power Grid Corp of India (PGCIL) is likely to see aggressive capex and capacity addition activities in next two fiscals. In this regard, the company will invest about Rs 37,500 crore. This would be driven by projects under construction and orders for high capacity power transmission corridors (HCPTC) projects, among others.
In addition, the company already has board approvals for investments worth about Rs 70,000 crore related to 12th Plan Period (2012-17) projects.
Power Grid is into building power transmission lines, consultancy activities and also owns more than 25,000 kilometres of telecom network.
The transmission utility firm posted a growth of 36.88% in its net profit of Rs 809.23 crore for the quarter ended December 31, 2011 as compared to Rs 591.19 crore for the same quarter in the previous year. Total income surged by 20.09% from Rs 2145.23 crore for Q3FY11 to Rs 2576.20 crore in the quarter under review.
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