PGCIL 2008 net up 18%

Mumbai: Transmission utility Power Grid Corporation has posted a post-tax profit of Rs1,448.47 crore for the year ended 31 March 2008, up 17.82% over the corresponding period a year ago.

The company had reported a net profit of Rs1,229.37 crore for the year ended 31 March 2007.

The total income rose to Rs5,081.53 crore for 2008, from Rs4,097.15 crore in the previous year.

Shares of PGCIL were trading at ₹ 89.45, down 1.6% on the BSE early morning.

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